Summit Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 15 | 351,941 | −351,926 | 1733.9 | 0% |
| 2021 | 100,005 | 127,532,699 | −127,432,694 | 0.3 | 0% |
| 2022 | 100,005 | 112,362 | −12,357 | 426.7 | 0% |
| 2023 | 447,080,568 | 446,711,946 | 368,622 | 0.1 | 0% |
In its most recent public year (2023), this organization brought in $368,622 more than it spent. Its reserves stood at about 0.1 months of spending, down from 1733.9 in 2020. Staff pay was 0% 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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