990 Scout/ Somerset INC/ Financials

Financial Information for Somerset INC

Somerset INC's annual revenue was $633K in tax year 2024, reported on their IRS Form 990. They spent $473K in total expenses. 86% went to programs and services.

Financial Breakdown

What is Somerset INC's total annual expenses?

Somerset INC spent $473K in tax year 2024, according to their IRS Form 990 filing.

How much of Somerset INC's budget goes to programs?

Somerset INC spent $406K (86% of expenses) on programs and services in tax year 2024.

How much does Somerset INC spend on overhead?

Somerset INC's overhead in tax year 2024 includes administrative (5%) and fundraising (9%) of their expenses.

What is Somerset INC's net worth?

Somerset INC had net assets of $1.4M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.