Summit Public Schools
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,449,909 | 2,984,328 | 465,581 | 3.3 | 53% |
| 2012 | 8,169,699 | 7,681,969 | 487,730 | 2.0 | 44% |
| 2013 | 11,756,152 | 9,823,093 | 1,933,059 | 5.0 | 58% |
| 2014 | 19,929,741 | 18,574,201 | 1,355,540 | 3.5 | 54% |
| 2015 | 28,864,927 | 24,435,783 | 4,429,144 | 4.8 | 55% |
| 2016 | 37,360,570 | 34,597,772 | 2,762,798 | 4.3 | 47% |
| 2017 | 59,080,241 | 51,271,312 | 7,808,929 | 4.8 | 45% |
| 2018 | 83,242,930 | 66,478,059 | 16,764,871 | 6.3 | 48% |
| 2019 | 76,985,306 | 73,278,588 | 3,706,718 | 6.2 | 48% |
| 2020 | 61,060,378 | 60,850,003 | 210,375 | 7.3 | 50% |
| 2021 | 55,546,203 | 56,658,320 | −1,112,117 | 6.8 | 54% |
| 2022 | 62,350,567 | 61,899,723 | 450,844 | 6.4 | 51% |
| 2023 | 62,505,480 | 67,560,018 | −5,054,538 | 5.0 | 47% |
In its most recent public year (2023), this organization spent $5,054,538 more than it brought in. Its reserves stood at about 5 months of spending, up from 3.3 in 2011. Staff pay was 47% of spending. $660,838 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
Summit Public Schools's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works