Downtown Somerset Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 188,386 | 202,269 | −13,883 | 42.6 | 46% |
| 2013 | 205,945 | 246,755 | −40,810 | 32.9 | 40% |
| 2014 | 220,331 | 226,901 | −6,570 | 35.5 | 52% |
| 2015 | 174,177 | 164,823 | 9,354 | 49.5 | 38% |
| 2016 | 76,180 | 104,894 | −28,714 | 76.1 | 20% |
| 2017 | 70,487 | 112,381 | −41,894 | 66.5 | 27% |
| 2018 | 68,821 | 143,551 | −74,730 | 45.7 | 20% |
| 2019 | 81,454 | 75,458 | 5,996 | 87.9 | 36% |
| 2020 | 46,664 | 67,769 | −21,105 | 94.1 | 33% |
| 2021 | 18,395 | 37,323 | −18,928 | 164.8 | 20% |
| 2022 | 18,509 | 12,055 | 6,454 | 512.4 | 0% |
| 2023 | 25,743 | 294,855 | −269,112 | 9.3 | — |
In its most recent public year (2023), this organization spent $269,112 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 42.6 in 2012.
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
Downtown Somerset Development Corporation 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