Summit School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 20,671,951 | 20,006,262 | 665,689 | 4.6 | 72% |
| 2021 | 18,614,927 | 18,983,366 | −368,439 | 4.6 | 68% |
| 2022 | 21,750,567 | 18,892,464 | 2,858,103 | 6.5 | 71% |
| 2023 | 23,206,815 | 20,367,830 | 2,838,985 | 7.7 | 67% |
In its most recent public year (2023), this organization brought in $2,838,985 more than it spent. Its reserves stood at about 7.7 months of spending, up from 4.6 in 2020. Staff pay was 67% of spending. $4,598,987 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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