Sommerset Neighborhood Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 4,362,350 | 4,150,650 | 211,700 | 2.3 | 39% |
| 2018 | 4,899,831 | 5,002,504 | −102,673 | 1.6 | 45% |
| 2019 | 5,074,407 | 5,110,856 | −36,449 | 1.5 | 48% |
| 2020 | 4,981,370 | 5,284,819 | −303,449 | 0.8 | 49% |
| 2021 | 4,904,206 | 5,272,595 | −368,389 | -0.0 | 47% |
| 2022 | 4,175,713 | 5,471,320 | −1,295,607 | -3.0 | 44% |
| 2023 | 5,156,996 | 6,341,655 | −1,184,659 | -4.8 | 44% |
In its most recent public year (2023), this organization spent $1,184,659 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), down from 2.3 in 2017. Staff pay was 44% 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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