Somerville Open Studios Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,222 | 7,916 | 15,306 | 62.2 | — |
| 2021 | 7,880 | 14,391 | −6,511 | 28.8 | — |
| 2022 | 24,487 | 15,742 | 8,745 | 33.0 | — |
| 2023 | 39,548 | 38,867 | 681 | 13.6 | — |
| 2024 | 38,418 | 41,807 | −3,389 | 11.6 | — |
In its most recent public year (2024), this organization spent $3,389 more than it brought in. Its reserves stood at about 11.6 months of spending, down from 62.2 in 2020.
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 2024. 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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