SOMERSET ACADEMY INC is a nonprofit organization categorized as Public Charity based in MIAMI, FL. Its most recent IRS filing (2025) reports revenue of $429.8M, expenses of $395.1M, total assets of $665.2M. Imperigo tracks 30 reported grant relationships connected to this organization totaling approximately $4.0M.
ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.
How Somerset Academy Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 30 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $429.8M | $395.1M | $665.2M |
| 2024 | $498.4M | $378.6M | $640.9M |
| 2023 | $372.1M | $355.3M | $546.1M |
| 2022 | $324.3M | $320.7M | $514.2M |
| 2021 | $293.9M | $266.8M | $197.1M |
Between 2021 and 2025, reported annual revenue grew from $293.9M to $429.8M (+46%), with total assets most recently reported at $665.2M.
Interactive year-over-year charts and full filing details available with membership.
