Somers Point Foundation For Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 37,541 | 37,752 | −211 | 67.7 | 0% |
| 2012 | 27,462 | 28,862 | −1,400 | 105.3 | 0% |
| 2013 | 50,441 | 41,026 | 9,415 | 78.9 | 0% |
| 2014 | 72,001 | 38,431 | 33,570 | 100.9 | 0% |
| 2015 | 72,134 | 17,030 | 55,104 | 223.4 | — |
| 2016 | 44,243 | 29,735 | 14,508 | 122.3 | — |
| 2017 | 43,450 | 38,114 | 5,336 | 99.4 | — |
| 2018 | 39,132 | 37,900 | 1,232 | 98.4 | — |
| 2019 | 41,935 | 46,709 | −4,774 | 81.7 | — |
| 2020 | 31,217 | 33,830 | −2,613 | 111.6 | — |
| 2021 | 14,174 | 14,034 | 140 | 296.1 | — |
| 2022 | 18,704 | 15,201 | 3,503 | 253.0 | — |
| 2023 | 27,300 | 18,424 | 8,876 | 218.5 | — |
In its most recent public year (2023), this organization brought in $8,876 more than it spent. Its reserves stood at about 218.5 months of spending, up from 67.7 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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