Somerset Academy Inc: $372.1M Revenue, $355.3M Expenses

Somerset Academy Inc earns an A on the NonprofitTruth efficiency rubric — a top-tier rating that reflects healthy operating reserves, reasonable officer compensation, and steady multi-year revenue. The composite score of 88/100 places it in the upper bracket of U.S. tax-exempt organizations.

Annual revenue at Somerset Academy Inc runs $372.1M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. On the reserves factor, Somerset Academy Inc scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Five-year revenue trajectory is strongly positive: Somerset Academy Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Somerset Academy Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.