Summit Community Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,952,860 | 1,975,061 | −22,201 | 36.8 | 0% |
| 2020 | 1,918,943 | 1,691,366 | 227,577 | 44.6 | 0% |
| 2021 | 1,877,188 | 1,609,581 | 267,607 | 48.8 | 0% |
| 2022 | 2,020,656 | 1,846,880 | 173,776 | 43.7 | 0% |
| 2023 | 2,220,314 | 1,807,854 | 412,460 | 47.4 | 0% |
In its most recent public year (2023), this organization brought in $412,460 more than it spent. Its reserves stood at about 47.4 months of spending, up from 36.8 in 2019. Staff pay was 0% of spending. $5,470,935 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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