Summit Education Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 498,647 | 361,508 | 137,139 | 21.2 | 51% |
| 2013 | 551,766 | 542,285 | 9,481 | 13.8 | 57% |
| 2014 | 744,293 | 589,727 | 154,566 | 15.9 | 59% |
| 2015 | 1,254,047 | 723,765 | 530,282 | 21.8 | 54% |
| 2016 | 1,130,278 | 907,612 | 222,666 | 20.4 | 50% |
| 2017 | 1,318,408 | 1,160,461 | 157,947 | 18.1 | 51% |
| 2018 | 1,373,810 | 1,258,056 | 115,754 | 17.6 | 48% |
| 2019 | 1,439,668 | 1,466,327 | −26,659 | 14.7 | 43% |
| 2020 | 1,927,440 | 1,536,437 | 391,003 | 17.4 | 41% |
| 2021 | 2,055,954 | 1,602,742 | 453,212 | 21.3 | 28% |
| 2022 | 1,681,930 | 2,031,352 | −349,422 | 13.1 | 34% |
| 2023 | 1,186,745 | 1,691,020 | −504,275 | 12.8 | 47% |
In its most recent public year (2023), this organization spent $504,275 more than it brought in. Its reserves stood at about 12.8 months of spending, down from 21.2 in 2012. Staff pay was 47% of spending. $146,875 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 Education Initiative'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