Groundwork Somerville Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 431,574 | 457,041 | −25,467 | -0.9 | 60% |
| 2012 | 390,012 | 376,270 | 13,742 | 0.0 | 70% |
| 2013 | 321,199 | 329,993 | −8,794 | -0.3 | 63% |
| 2014 | 277,251 | 271,624 | 5,627 | -0.1 | 58% |
| 2015 | 371,064 | 368,536 | 2,528 | 0.0 | 61% |
| 2016 | 412,128 | 396,193 | 15,935 | 0.5 | 62% |
| 2017 | 420,743 | 459,135 | −38,392 | -0.6 | 59% |
| 2018 | 371,157 | 373,332 | −2,175 | -0.8 | 61% |
| 2019 | 304,468 | 274,710 | 29,758 | 0.3 | 62% |
| 2020 | 206,085 | 181,017 | 25,068 | -0.2 | 65% |
| 2021 | 332,492 | 292,057 | 40,435 | 1.6 | 69% |
| 2022 | 376,283 | 288,102 | 88,181 | 5.3 | 71% |
| 2023 | 625,053 | 498,747 | 126,306 | 6.1 | 39% |
In its most recent public year (2023), this organization brought in $126,306 more than it spent. Its reserves stood at about 6.1 months of spending, up from -0.9 in 2011. Staff pay was 39% of spending. $123,771 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
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