Somerset Lane Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 363,862 | 378,978 | −15,116 | -11.9 | 19% |
| 2012 | 372,428 | 380,140 | −7,712 | -12.1 | 19% |
| 2013 | 359,614 | 440,133 | −80,519 | -12.6 | 17% |
| 2014 | 366,936 | 396,633 | −29,697 | -14.9 | 17% |
| 2015 | 380,659 | 389,620 | −8,961 | -15.4 | 19% |
| 2016 | 382,050 | 359,863 | 22,187 | -16.0 | 17% |
| 2017 | 387,646 | 393,798 | −6,152 | -14.8 | 16% |
| 2018 | 398,895 | 464,201 | −65,306 | -14.2 | 15% |
| 2019 | 400,374 | 404,143 | −3,769 | -16.5 | 20% |
| 2020 | 414,021 | 427,378 | −13,357 | -15.9 | 18% |
| 2021 | 420,309 | 408,401 | 11,908 | -16.3 | 18% |
| 2022 | 413,348 | 485,590 | −72,242 | -15.5 | 16% |
| 2023 | 244,670 | 415,007 | −170,337 | 0.0 | 13% |
In its most recent public year (2023), this organization spent $170,337 more than it brought in. Its reserves stood at about 0 months of spending, up from -11.9 in 2011. Staff pay was 13% 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
Somerset Lane 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