Morro Bay Friends Of The Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,289 | 24,212 | 5,077 | 153.4 | — |
| 2012 | 42,640 | 27,910 | 14,730 | 149.3 | — |
| 2013 | 244,387 | 31,154 | 213,233 | 215.0 | 0% |
| 2014 | 39,944 | 12,110 | 27,834 | 87.2 | — |
| 2015 | 44,700 | 13,191 | 31,509 | 81.3 | — |
| 2016 | 32,400 | 13,797 | 18,603 | 94.2 | — |
| 2018 | 38,714 | 24,923 | 13,791 | 65.6 | — |
| 2020 | 40,980 | 39,280 | 1,700 | 42.1 | — |
| 2021 | 16,566 | 12,171 | 4,395 | 145.3 | — |
| 2022 | 33,594 | 12,522 | 21,072 | 161.4 | — |
| 2023 | 35,918 | 19,746 | 16,172 | 112.2 | — |
In its most recent public year (2023), this organization brought in $16,172 more than it spent. Its reserves stood at about 112.2 months of spending, down from 153.4 in 2011.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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