Summit Music Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 450,250 | 443,035 | 7,215 | 8.2 | 24% |
| 2012 | 397,748 | 453,869 | −56,121 | 6.5 | 25% |
| 2013 | 450,001 | 460,710 | −10,709 | 6.1 | 25% |
| 2014 | 448,778 | 485,270 | −36,492 | 4.9 | 21% |
| 2015 | 688,659 | 644,140 | 44,519 | 4.5 | 13% |
| 2016 | 526,614 | 576,973 | −50,359 | 4.1 | 15% |
| 2017 | 277,658 | 366,295 | −88,637 | 3.8 | 15% |
| 2018 | 304,556 | 318,458 | −13,902 | 3.7 | 4% |
| 2019 | 196,135 | 210,264 | −14,129 | 5.9 | 0% |
| 2020 | 3,643 | 28,846 | −25,203 | 45.6 | 69% |
| 2021 | 261,124 | 141,250 | 119,874 | 19.7 | 23% |
| 2022 | 176,241 | 224,482 | −48,241 | 8.7 | 27% |
| 2023 | 74,040 | 136,614 | −62,574 | 8.8 | — |
In its most recent public year (2023), this organization spent $62,574 more than it brought in. Its reserves stood at about 8.8 months of spending.
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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