Summit Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 405,445 | 399,676 | 5,769 | 28.1 | 0% |
| 2012 | 500,009 | 518,248 | −18,239 | 25.0 | 0% |
| 2013 | 621,803 | 608,694 | 13,109 | 21.5 | 0% |
| 2014 | 724,773 | 671,251 | 53,522 | 20.5 | 53% |
| 2015 | 517,303 | 639,131 | −121,828 | 19.2 | 46% |
| 2016 | 351,729 | 486,288 | −134,559 | 22.0 | 50% |
| 2017 | 337,445 | 326,402 | 11,043 | 33.1 | 39% |
| 2018 | 311,871 | 434,135 | −122,264 | 21.5 | 39% |
| 2019 | 464,991 | 441,206 | 23,785 | 21.8 | 47% |
| 2020 | 340,434 | 388,026 | −47,592 | 23.3 | 51% |
| 2021 | 473,095 | 431,812 | 41,283 | 22.1 | 54% |
| 2022 | 741,481 | 619,132 | 122,349 | 17.8 | 56% |
| 2023 | 712,734 | 677,556 | 35,178 | 16.9 | 60% |
In its most recent public year (2023), this organization brought in $35,178 more than it spent. Its reserves stood at about 16.9 months of spending, down from 28.1 in 2011. Staff pay was 60% 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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