Somerset Pulaski Economic Development Authority Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,868,728 | 139,484 | 2,729,244 | 234.8 | 37% |
| 2020 | 7,241,833 | 819,647 | 6,422,186 | 134.0 | 20% |
| 2021 | 489,070 | 2,569,402 | −2,080,332 | 33.0 | 7% |
| 2022 | 719,037 | 935,803 | −216,766 | 87.9 | 23% |
| 2023 | 469,946 | 1,283,119 | −813,173 | 56.5 | 18% |
| 2024 | 2,189,130 | 1,048,003 | 1,141,127 | 82.2 | 25% |
In its most recent public year (2024), this organization brought in $1,141,127 more than it spent. Its reserves stood at about 82.2 months of spending, down from 234.8 in 2019. Staff pay was 25% 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 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
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