Somali Development Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 281,590 | 175,771 | 105,819 | 4.6 | 32% |
| 2021 | 335,833 | 273,005 | 62,828 | 5.7 | 45% |
| 2022 | 472,591 | 324,925 | 147,666 | 10.3 | 69% |
| 2023 | 328,421 | 388,931 | −60,510 | 6.7 | 71% |
In its most recent public year (2023), this organization spent $60,510 more than it brought in. Its reserves stood at about 6.7 months of spending, up from 4.6 in 2020. Staff pay was 71% 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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