Somali Parents Advocacy Center For Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 45,125 | 27,413 | 17,712 | 0.0 | — |
| 2021 | 154,741 | 114,503 | 40,238 | 0.0 | — |
| 2022 | 194,546 | 183,338 | 11,208 | 4.5 | 54% |
| 2023 | 217,023 | 204,191 | 12,832 | 4.8 | 66% |
In its most recent public year (2023), this organization brought in $12,832 more than it spent. Its reserves stood at about 4.8 months of spending, up from 0 in 2020. Staff pay was 66% 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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