Summit Area Economic Growth Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 52,447 | 21,351 | 31,096 | 17.5 | — |
| 2016 | 163,693 | 82,241 | 81,452 | 11.9 | — |
| 2017 | 149,878 | 193,917 | −44,039 | 2.3 | — |
| 2018 | 57,958 | 51,372 | 6,586 | 10.3 | — |
| 2019 | 54,335 | 45,733 | 8,602 | 13.8 | — |
| 2020 | 27,872 | 29,410 | −1,538 | 20.8 | — |
| 2021 | 56,656 | 34,523 | 22,133 | 25.4 | — |
| 2022 | 20,478 | 14,003 | 6,475 | 68.3 | — |
In its most recent public year (2022), this organization brought in $6,475 more than it spent. Its reserves stood at about 68.3 months of spending, up from 17.5 in 2015.
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 2022. 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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