The Somerset Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 90,946 | 52,830 | 38,116 | 8.8 | — |
| 2012 | 201,687 | 141,732 | 59,955 | 8.4 | 0% |
| 2013 | 95,217 | 178,426 | −83,209 | 0.9 | — |
| 2014 | 67,399 | 63,564 | 3,835 | 3.2 | — |
| 2015 | 30,641 | 24,552 | 6,089 | 12.8 | — |
| 2016 | 51,500 | 22,128 | 29,372 | 30.1 | — |
| 2017 | 60,010 | 10,116 | 49,894 | 125.0 | — |
| 2018 | 50,000 | 6,658 | 43,342 | 268.0 | — |
| 2019 | 2,000 | 2,105 | −105 | 847.2 | — |
| 2022 | 85,860 | 93,851 | −7,991 | 18.8 | — |
| 2023 | 82,416 | 83,841 | −1,425 | 20.8 | — |
In its most recent public year (2023), this organization spent $1,425 more than it brought in. Its reserves stood at about 20.8 months of spending, up from 8.8 in 2011.
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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