Downtown Somerville Alliance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,056,236 | 658,293 | 397,943 | 7.3 | 16% |
| 2020 | 605,966 | 734,021 | −128,055 | 4.4 | 18% |
| 2021 | 629,582 | 887,338 | −257,756 | 0.2 | 14% |
| 2022 | 837,571 | 965,996 | −128,425 | -1.4 | 14% |
| 2023 | 953,932 | 1,020,042 | −66,110 | -2.1 | 8% |
In its most recent public year (2023), this organization spent $66,110 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), down from 7.3 in 2019. Staff pay was 8% 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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