Education
(B20Z)
IRS Verified
DX Registered
990 on File
SOMERSET ACADEMY INC
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$429.8M
Total Revenue
$395.1M
Total Expenses
$275.6M
Net Assets
4252
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.2%
Fundraising Efficiency
N/A
Operating Reserve
8.37x
Liability-to-Asset
58.6%
Revenue Diversification
92.1%
Compared with Peers
FY 2025
Compared with 243 similar organizations
(United States, Education, $100M and over in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.2% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.8% | 10.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 1.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.4 mo | 20.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
58.6% | 25.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.1% | 82.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-13.8% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.4% | 4.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.1% | 3.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $429.8M | $395.1M | $275.6M | 89.2% | 4252 |
| 2024 | $498.4M | $378.6M | $240.8M | 90.0% | 4190 |
| 2023 | $372.1M | $355.3M | $121.1M | 90.3% | 4334 |
| 2022 | $324.3M | $320.7M | $104.2M | 90.2% | 3822 |
| 2021 | $293.9M | $266.8M | N/A | — | 2676 |
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