Summit Leadership Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,355,150 | 982,234 | 372,916 | 15.6 | 40% |
| 2021 | 1,275,879 | 834,559 | 441,320 | 24.7 | 52% |
| 2022 | 2,251,331 | 1,269,042 | 982,289 | 25.5 | 36% |
| 2023 | 1,054,970 | 1,362,646 | −307,676 | 21.1 | 7% |
In its most recent public year (2023), this organization spent $307,676 more than it brought in. Its reserves stood at about 21.1 months of spending, up from 15.6 in 2020. Staff pay was 7% of spending. $118,192 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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