Somerset Academy Arizona Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,320,457 | 1,258,633 | 61,824 | 0.6 | 32% |
| 2021 | 1,480,359 | 1,338,351 | 142,008 | 1.8 | 36% |
| 2022 | 2,041,029 | 1,889,896 | 151,133 | 2.3 | 45% |
| 2023 | 1,950,152 | 1,766,272 | 183,880 | 3.7 | 39% |
| 2024 | 2,548,516 | 2,265,909 | 282,607 | 4.4 | 45% |
In its most recent public year (2024), this organization brought in $282,607 more than it spent. Its reserves stood at about 4.4 months of spending, up from 0.6 in 2020. Staff pay was 45% of spending. $382,237 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 2024. 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
Somerset Academy Arizona Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works