Somali Cultural Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 153,760 | 147,829 | 5,931 | 4.1 | 0% |
| 2016 | 288,452 | 194,447 | 94,005 | 8.9 | 0% |
| 2018 | 645,754 | 412,518 | 233,236 | 10.4 | 16% |
| 2019 | 441,046 | 366,358 | 74,688 | 2.7 | 4% |
| 2020 | 265,392 | 118,957 | 146,435 | 0.8 | 9% |
| 2021 | 494,177 | 187,802 | 306,375 | 0.5 | 10% |
| 2022 | 357,464 | 249,557 | 107,907 | 0.0 | 8% |
| 2023 | 278,537 | 268,602 | 9,935 | 0.0 | 34% |
In its most recent public year (2023), this organization brought in $9,935 more than it spent. Its reserves stood at about 0 months of spending, down from 4.1 in 2015. Staff pay was 34% 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
Somali Cultural Institute'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