Financial Information for Somerset Academy INC

Somerset Academy INC's annual revenue was $429.8M in tax year 2024, reported on their IRS Form 990. They spent $395.1M in total expenses. 89% went to programs and services.

Financial Breakdown

What is Somerset Academy INC's total annual expenses?

Somerset Academy INC spent $395.1M in tax year 2024, according to their IRS Form 990 filing.

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

Somerset Academy INC spent $352.3M (89% of expenses) on programs and services in tax year 2024.

How much does Somerset Academy INC spend on overhead?

Somerset Academy INC's overhead in tax year 2024 includes administrative (11%) and fundraising (0%) of their expenses.

What is Somerset Academy INC's net worth?

Somerset Academy INC had net assets of $275.6M 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.