Somerset Collection Charitable Fdn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 205,509 | 813,263 | −607,754 | 5.7 | 0% |
| 2012 | 498,929 | 492,057 | 6,872 | 9.5 | 0% |
| 2013 | 64,750 | 250,709 | −185,959 | 9.8 | 0% |
| 2014 | 349,880 | 208,921 | 140,959 | 19.9 | 0% |
| 2015 | 178,638 | 266,857 | −88,219 | 11.6 | 0% |
| 2016 | 274,781 | 240,739 | 34,042 | 14.6 | 0% |
| 2017 | 191,670 | 192,713 | −1,043 | 18.1 | 0% |
| 2018 | 149,353 | 180,444 | −31,091 | 17.3 | 0% |
| 2019 | 176,425 | 162,363 | 14,062 | 20.2 | 0% |
| 2020 | 123,171 | 98,854 | 24,317 | 36.2 | 0% |
| 2021 | 362,973 | 218,543 | 144,430 | 24.3 | 0% |
| 2022 | 337,320 | 225,690 | 111,630 | 29.5 | 0% |
| 2023 | 110,913 | 290,070 | −179,157 | 15.5 | 0% |
In its most recent public year (2023), this organization spent $179,157 more than it brought in. Its reserves stood at about 15.5 months of spending, up from 5.7 in 2011. Staff pay was 0% of spending.
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
Somerset Collection Charitable Fdn's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works