Somerset Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 55,201 | 41,912 | 13,289 | 7.1 | — |
| 2013 | 81,364 | 38,560 | 42,804 | 21.1 | — |
| 2014 | 81,332 | 55,295 | 26,037 | 20.4 | — |
| 2015 | 55,724 | 49,137 | 6,587 | 24.6 | — |
| 2016 | 161,570 | 195,478 | −33,908 | 4.1 | — |
| 2017 | 110,268 | 101,084 | 9,184 | 9.0 | — |
| 2018 | 52,164 | 93,415 | −41,251 | 4.5 | — |
| 2019 | 66,131 | 76,202 | −10,071 | 3.9 | — |
| 2020 | 371,792 | 333,310 | 38,482 | 9.7 | 6% |
| 2021 | 556,877 | 199,715 | 357,162 | 37.7 | 16% |
| 2022 | 656,896 | 359,014 | 297,882 | 30.9 | 24% |
| 2023 | 514,713 | 348,297 | 166,416 | 37.6 | 25% |
In its most recent public year (2023), this organization brought in $166,416 more than it spent. Its reserves stood at about 37.6 months of spending, up from 7.1 in 2012. Staff pay was 25% of spending. $352,487 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 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
Somerset Inc's IRS filings as a feed — one entry per filing year, through 2023. 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