Somali Community Of Louisville Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,200 | 4,950 | 250 | 5.0 | — |
| 2017 | 11,200 | 6,062 | 5,138 | 14.3 | — |
| 2018 | 1,355 | 4,950 | −3,595 | 8.7 | — |
| 2019 | 4,300 | 4,450 | −150 | 9.3 | — |
| 2020 | 465,000 | 465,000 | 0 | 11.4 | 0% |
| 2021 | 420,000 | 357,717 | 62,283 | 5.6 | 0% |
| 2022 | 292,175 | 115,806 | 176,369 | 8.2 | 71% |
| 2023 | 177,000 | 240,449 | −63,449 | 1.4 | 0% |
In its most recent public year (2023), this organization spent $63,449 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 5 in 2016. Staff pay was 0% 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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