Somerville Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 53,878 | 68,719 | −14,841 | 239.6 | 0% |
| 2019 | 45,130 | 64,708 | −19,578 | 255.4 | 0% |
| 2020 | 154,718 | 131,098 | 23,620 | 137.4 | 12% |
| 2021 | 632,502 | 50,757 | 581,745 | 468.5 | 29% |
| 2022 | 1,499,283 | 126,657 | 1,372,626 | 317.8 | 48% |
| 2023 | 581,596 | 176,510 | 405,086 | 255.6 | 37% |
In its most recent public year (2023), this organization brought in $405,086 more than it spent. Its reserves stood at about 255.6 months of spending, up from 239.6 in 2018. Staff pay was 37% of spending. $1,589,612 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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