Somerset Community Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 62,445 | 47,470 | 14,975 | 21.7 | — |
| 2012 | 68,262 | 59,583 | 8,679 | 19.6 | — |
| 2013 | 67,579 | 76,349 | −8,770 | 13.9 | — |
| 2014 | 80,468 | 79,010 | 1,458 | 13.7 | — |
| 2015 | 74,814 | 86,372 | −11,558 | 10.9 | — |
| 2016 | 84,658 | 71,859 | 12,799 | 15.2 | — |
| 2017 | 77,424 | 79,649 | −2,225 | 13.4 | — |
| 2018 | 79,823 | 73,165 | 6,658 | 16.4 | — |
| 2019 | 80,539 | 73,576 | 6,963 | 18.6 | — |
| 2020 | 163,600 | 68,094 | 95,506 | 21.3 | — |
| 2021 | 82,440 | 71,126 | 11,314 | 22.3 | — |
| 2022 | 84,029 | 69,062 | 14,967 | 25.6 | — |
| 2023 | 71,840 | 83,730 | −11,890 | 20.2 | — |
In its most recent public year (2023), this organization spent $11,890 more than it brought in. Its reserves stood at about 20.2 months of spending, down from 21.7 in 2011.
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
Somerset Community Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works