Somerset Academy Of Las Vegas
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 31,494,002 | 30,039,140 | 1,454,862 | -3.4 | 42% |
| 2016 | 39,660,976 | 39,377,996 | 282,980 | -2.5 | 43% |
| 2017 | 46,982,163 | 48,301,088 | −1,318,925 | -2.3 | 42% |
| 2018 | 52,196,541 | 52,197,610 | −1,069 | -2.2 | 40% |
| 2019 | 67,734,354 | 67,469,336 | 265,018 | -1.6 | 41% |
| 2020 | 76,063,395 | 74,989,242 | 1,074,153 | -1.3 | 40% |
| 2021 | 79,621,443 | 78,010,818 | 1,610,625 | -1.0 | 39% |
| 2022 | 83,363,869 | 77,977,405 | 5,386,464 | -0.2 | 45% |
| 2023 | 88,528,771 | 93,898,608 | −5,369,837 | -0.8 | 45% |
In its most recent public year (2023), this organization spent $5,369,837 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), up from -3.4 in 2015. Staff pay was 45% of spending. $7,425,922 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 Academy Of Las Vegas'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