Summit Academy Management
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 43,113,195 | 42,580,498 | 532,697 | 1.5 | 55% |
| 2012 | 50,008,916 | 48,104,935 | 1,903,981 | 1.8 | 57% |
| 2013 | 51,598,403 | 51,006,122 | 592,281 | 1.9 | 55% |
| 2014 | 57,966,661 | 52,327,313 | 5,639,348 | 3.1 | 56% |
| 2015 | 59,876,757 | 56,598,835 | 3,277,922 | 3.6 | 55% |
| 2016 | 60,127,013 | 58,986,624 | 1,140,389 | 3.7 | 56% |
| 2017 | 56,664,144 | 57,781,087 | −1,116,943 | 3.5 | 56% |
| 2018 | 53,537,866 | 51,309,839 | 2,228,027 | 4.5 | 56% |
| 2019 | 53,985,569 | 45,552,954 | 8,432,615 | 7.3 | 53% |
| 2020 | 52,186,231 | 46,953,654 | 5,232,577 | 8.4 | 54% |
| 2021 | 45,520,259 | 46,381,832 | −861,573 | 6.5 | 52% |
| 2022 | 53,763,155 | 48,627,975 | 5,135,180 | 7.5 | 50% |
| 2023 | 49,003,616 | 51,799,952 | −2,796,336 | 6.0 | 50% |
In its most recent public year (2023), this organization spent $2,796,336 more than it brought in. Its reserves stood at about 6 months of spending, up from 1.5 in 2011. Staff pay was 50% 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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