Songea Holding Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 483,705 | 506,246 | −22,541 | -4.7 | 0% |
| 2012 | 493,663 | 497,556 | −3,893 | -4.8 | 0% |
| 2013 | 501,577 | 498,721 | 2,856 | -4.7 | 0% |
| 2014 | 471,577 | 419,252 | 52,325 | -4.2 | 0% |
| 2015 | 472,657 | 415,930 | 56,727 | -2.5 | 0% |
| 2016 | 480,882 | 443,249 | 37,633 | -1.4 | 0% |
| 2017 | 497,384 | 486,274 | 11,110 | -1.0 | 0% |
| 2018 | 504,102 | 497,913 | 6,189 | -0.8 | 0% |
| 2019 | 504,102 | 584,007 | −79,905 | -2.3 | 0% |
| 2020 | 505,213 | 504,391 | 822 | -2.7 | 0% |
| 2021 | 504,083 | 503,274 | 809 | -2.7 | 0% |
| 2022 | 504,982 | 503,801 | 1,181 | -2.6 | 0% |
| 2023 | 590,174 | 507,795 | 82,379 | -0.7 | 0% |
In its most recent public year (2023), this organization brought in $82,379 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.7 months), up from -4.7 in 2011. Staff pay was 0% 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
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