Somerset Area Food Pantry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 256,734 | 174,541 | 82,193 | 15.6 | 0% |
| 2022 | 179,299 | 159,116 | 20,183 | 18.6 | — |
| 2023 | 235,307 | 263,333 | −28,026 | 10.0 | 0% |
| 2024 | 287,248 | 349,734 | −62,486 | 5.4 | 0% |
In its most recent public year (2024), this organization spent $62,486 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 15.6 in 2021. 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 2024. 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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