Somerset Place Assn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 437,751 | 382,008 | 55,743 | 1.7 | 0% |
| 2013 | 471,160 | 419,259 | 51,901 | 3.1 | 0% |
| 2014 | 502,178 | 430,495 | 71,683 | 5.0 | 0% |
| 2015 | 517,872 | 437,487 | 80,385 | 7.1 | 0% |
| 2016 | 528,061 | 645,265 | −117,204 | 2.6 | 0% |
| 2017 | 563,616 | 939,220 | −375,604 | -3.0 | 0% |
| 2018 | 611,541 | 1,239,255 | −627,714 | -8.3 | 0% |
| 2019 | 654,443 | 1,404,634 | −750,191 | -13.8 | 0% |
| 2020 | 711,951 | 1,374,340 | −662,389 | -19.9 | 0% |
| 2021 | 610,603 | 601,233 | 9,370 | 2.4 | 0% |
| 2022 | 619,493 | 592,063 | 27,430 | 4.6 | 0% |
In its most recent public year (2022), this organization brought in $27,430 more than it spent. Its reserves stood at about 4.6 months of spending, up from 1.7 in 2012. 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 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works