Somerset County Cultural Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 139,087 | 126,839 | 12,248 | 25.1 | 0% |
| 2012 | 120,440 | 123,623 | −3,183 | 25.4 | 0% |
| 2013 | 106,674 | 106,823 | −149 | 29.4 | 0% |
| 2014 | 115,174 | 111,045 | 4,129 | 28.7 | 0% |
| 2015 | 96,596 | 101,538 | −4,942 | 30.7 | 0% |
| 2016 | 1,024,645 | 493,279 | 531,366 | 19.2 | 0% |
| 2017 | 314,418 | 156,636 | 157,782 | 118.3 | 0% |
| 2018 | 66,493 | 145,922 | −79,429 | 120.4 | 0% |
| 2019 | 110,466 | 200,072 | −89,606 | 82.5 | 0% |
| 2020 | 100,828 | 168,438 | −67,610 | 96.4 | 0% |
| 2021 | 591,998 | 262,555 | 329,443 | 74.8 | 7% |
| 2022 | 374,828 | 541,588 | −166,760 | 33.0 | 10% |
In its most recent public year (2022), this organization spent $166,760 more than it brought in. Its reserves stood at about 33 months of spending, up from 25.1 in 2011. Staff pay was 10% of spending. $267,000 of its net assets are donor-restricted.
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 2022. 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 County Cultural Arts Center Inc's IRS filings as a feed — one entry per filing year, through 2022. 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