Somerset County Mobile Food Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 203,224 | 140,383 | 62,841 | 20.1 | 5% |
| 2016 | 145,979 | 117,344 | 28,635 | 27.0 | 7% |
| 2017 | 164,003 | 136,716 | 27,287 | 25.6 | 10% |
| 2018 | 227,270 | 245,738 | −18,468 | 13.3 | 18% |
| 2019 | 325,364 | 239,868 | 85,496 | 17.9 | 34% |
| 2020 | 447,157 | 275,552 | 171,605 | 23.1 | 31% |
| 2021 | 365,733 | 234,880 | 130,853 | 33.7 | 36% |
| 2022 | 472,781 | 323,878 | 148,903 | 30.0 | 26% |
| 2023 | 432,393 | 351,983 | 80,410 | 30.3 | 25% |
In its most recent public year (2023), this organization brought in $80,410 more than it spent. Its reserves stood at about 30.3 months of spending, up from 20.1 in 2015. Staff pay was 25% of spending. $11,046 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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