Somali Education And Resource Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 23,290 | 22,020 | 1,270 | 0.7 | — |
| 2014 | 75,860 | 70,500 | 5,360 | 1.1 | — |
| 2015 | 75,860 | 70,500 | 5,360 | 1.1 | — |
| 2016 | 359,346 | 343,014 | 16,332 | 0.8 | 13% |
| 2017 | 1,423,931 | 1,273,142 | 150,789 | 1.6 | 27% |
| 2018 | 1,917,429 | 2,037,588 | −120,159 | 0.2 | 19% |
| 2019 | 1,785,143 | 1,801,331 | −16,188 | 0.1 | 24% |
| 2020 | 4,232,617 | 3,750,102 | 482,515 | 1.6 | 13% |
| 2021 | 14,273,408 | 1,347,700 | 12,925,708 | 3.4 | 32% |
| 2022 | 6,639,456 | 6,467,098 | 172,358 | 1.0 | 10% |
In its most recent public year (2022), this organization brought in $172,358 more than it spent. Its reserves stood at about 1 months of spending. Staff pay was 10% 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 2022. 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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