Somaiya Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 16,000 | 15,695 | 305 | 0.2 | — |
| 2023 | 15,000 | 19,054 | −4,054 | -2.4 | — |
In its most recent public year (2023), this organization spent $4,054 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.4 months), down from 0.2 in 2022.
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
Somaiya Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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