Summit Performing Arts Resource Committee Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 42,231 | 30,925 | 11,306 | 14.4 | — |
| 2015 | 66,948 | 41,526 | 25,422 | 17.9 | — |
| 2016 | 49,789 | 74,689 | −24,900 | 5.6 | — |
| 2017 | 44,472 | 58,225 | −13,753 | 5.5 | — |
| 2018 | 61,553 | 60,354 | 1,199 | 4.7 | — |
| 2019 | 71,961 | 78,141 | −6,180 | 3.3 | — |
| 2020 | 36,675 | 38,773 | −2,098 | 7.8 | — |
| 2021 | 35,849 | 36,877 | −1,028 | 5.8 | — |
| 2022 | 55,535 | 43,467 | 12,068 | 6.4 | — |
| 2023 | 53,807 | 59,120 | −5,313 | 5.0 | — |
In its most recent public year (2023), this organization spent $5,313 more than it brought in. Its reserves stood at about 5 months of spending, down from 14.4 in 2014.
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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