Empower Somerset Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 917,411 | 910,900 | 6,511 | 0.1 | 41% |
| 2012 | 941,052 | 932,394 | 8,658 | 0.2 | 47% |
| 2013 | 830,202 | 852,130 | −21,928 | -0.1 | 55% |
| 2014 | 987,675 | 978,665 | 9,010 | 0.1 | 54% |
| 2015 | 1,106,846 | 1,113,969 | −7,123 | -0.0 | 53% |
| 2016 | 1,101,236 | 1,094,869 | 6,367 | 0.0 | 54% |
| 2017 | 1,179,342 | 1,181,118 | −1,776 | 0.0 | 57% |
| 2018 | 1,082,049 | 1,083,725 | −1,676 | 0.0 | 53% |
| 2019 | 1,139,198 | 1,046,461 | 92,737 | 1.1 | 59% |
| 2020 | 1,414,916 | 1,330,597 | 84,319 | 1.6 | 60% |
| 2021 | 1,596,952 | 1,506,262 | 90,690 | 2.1 | 59% |
| 2022 | 2,147,390 | 2,109,064 | 38,326 | 1.7 | 54% |
| 2023 | 2,557,059 | 2,500,439 | 56,620 | 1.7 | 55% |
In its most recent public year (2023), this organization brought in $56,620 more than it spent. Its reserves stood at about 1.7 months of spending, up from 0.1 in 2011. Staff pay was 55% 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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