Food Bank Of Somerset County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 838,625 | 850,298 | −11,673 | 12.5 | 10% |
| 2012 | 975,356 | 918,257 | 57,099 | 12.3 | 10% |
| 2013 | 916,461 | 887,997 | 28,464 | 13.0 | 11% |
| 2014 | 979,715 | 875,370 | 104,345 | 14.7 | 10% |
| 2015 | 898,165 | 849,775 | 48,390 | 15.8 | 11% |
| 2016 | 882,471 | 834,347 | 48,124 | 16.8 | 12% |
| 2017 | 867,967 | 858,881 | 9,086 | 16.4 | 12% |
| 2018 | 1,074,844 | 1,001,010 | 73,834 | 15.4 | 11% |
| 2019 | 915,027 | 952,624 | −37,597 | 15.7 | 13% |
| 2020 | 2,883,980 | 1,800,123 | 1,083,857 | 15.5 | 8% |
| 2021 | 2,836,590 | 2,438,265 | 398,325 | 13.4 | 7% |
| 2022 | 2,914,417 | 3,067,638 | −153,221 | 10.1 | 7% |
| 2023 | 4,530,221 | 4,356,373 | 173,848 | 7.6 | 6% |
In its most recent public year (2023), this organization brought in $173,848 more than it spent. Its reserves stood at about 7.6 months of spending, down from 12.5 in 2011. Staff pay was 6% 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
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