Sommerset Place
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 308,441 | 304,673 | 3,768 | 4.4 | 15% |
| 2022 | 354,303 | 371,866 | −17,563 | 3.8 | 12% |
| 2023 | 373,195 | 351,765 | 21,430 | 4.8 | 13% |
In its most recent public year (2023), this organization brought in $21,430 more than it spent. Its reserves stood at about 4.8 months of spending. Staff pay was 13% 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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