Southern Mutual Help Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,117,837 | 1,177,640 | −59,803 | 36.8 | 35% |
| 2021 | 898,903 | 1,148,628 | −249,725 | 34.4 | 33% |
| 2022 | 814,351 | 1,312,157 | −497,806 | 23.9 | 17% |
| 2023 | 471,290 | 1,074,480 | −603,190 | 22.6 | 12% |
In its most recent public year (2023), this organization spent $603,190 more than it brought in. Its reserves stood at about 22.6 months of spending, down from 36.8 in 2020. Staff pay was 12% of spending. $1,966,954 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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