Summit Educational Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 317,312 | 256,259 | 61,053 | 4.7 | 67% |
| 2011 | 283,663 | 304,333 | −20,670 | 3.1 | 65% |
| 2012 | 322,165 | 343,897 | −21,732 | 2.0 | 63% |
| 2013 | 425,377 | 367,664 | 57,713 | 3.8 | 61% |
| 2014 | 351,091 | 407,738 | −56,647 | 1.7 | 57% |
| 2015 | 420,809 | 401,791 | 19,018 | 2.3 | 59% |
| 2016 | 405,085 | 404,106 | 979 | 2.3 | 60% |
| 2017 | 455,668 | 424,661 | 31,007 | 3.1 | 59% |
| 2018 | 556,789 | 535,710 | 21,079 | 2.9 | 58% |
| 2019 | 572,994 | 488,663 | 84,331 | 5.3 | 56% |
| 2020 | 681,903 | 365,243 | 316,660 | 16.7 | 18% |
| 2021 | 531,793 | 417,538 | 114,255 | 17.9 | 16% |
| 2022 | 411,045 | 438,594 | −27,549 | 16.3 | 16% |
| 2023 | 425,445 | 585,091 | −159,646 | 8.9 | 52% |
In its most recent public year (2023), this organization spent $159,646 more than it brought in. Its reserves stood at about 8.9 months of spending, up from 4.7 in 2010. Staff pay was 52% 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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