Somerset Community Food Pantry Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 67,254 | 41,493 | 25,761 | 9.7 | — |
| 2018 | 73,936 | 49,210 | 24,726 | 14.2 | — |
| 2019 | 73,148 | 51,787 | 21,361 | 18.4 | — |
| 2020 | 133,281 | 90,984 | 42,297 | 20.5 | — |
| 2021 | 482,871 | 169,552 | 313,319 | 45.5 | 22% |
| 2022 | 279,419 | 189,553 | 89,866 | 46.4 | 11% |
| 2023 | 157,684 | 156,056 | 1,628 | 56.5 | 23% |
In its most recent public year (2023), this organization brought in $1,628 more than it spent. Its reserves stood at about 56.5 months of spending, up from 9.7 in 2017. Staff pay was 23% of spending. $8,648 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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