Summit Academy Oic
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,024,270 | 4,981,194 | 43,076 | 5.8 | 43% |
| 2013 | 6,066,551 | 5,644,129 | 422,422 | 6.0 | 43% |
| 2014 | 7,154,884 | 6,604,185 | 550,699 | 6.1 | 42% |
| 2015 | 7,126,646 | 6,716,758 | 409,888 | 6.8 | 43% |
| 2016 | 8,877,594 | 7,283,771 | 1,593,823 | 8.9 | 43% |
| 2017 | 8,600,589 | 7,997,922 | 602,667 | 9.0 | 46% |
| 2018 | 9,802,629 | 9,086,393 | 716,236 | 8.8 | 45% |
| 2019 | 9,576,633 | 9,372,493 | 204,140 | 8.8 | 46% |
| 2020 | 11,048,729 | 10,299,902 | 748,827 | 9.0 | 45% |
| 2021 | 19,439,304 | 12,853,918 | 6,585,386 | 13.6 | 46% |
| 2022 | 16,544,974 | 15,546,748 | 998,226 | 11.8 | 39% |
| 2023 | 15,821,209 | 14,664,459 | 1,156,750 | 13.5 | 44% |
| 2024 | 17,953,025 | 15,422,049 | 2,530,976 | 15.0 | 49% |
In its most recent public year (2024), this organization brought in $2,530,976 more than it spent. Its reserves stood at about 15 months of spending, up from 5.8 in 2012. Staff pay was 49% of spending. $4,741,056 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 2024. 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 Academy Oic's IRS filings as a feed — one entry per filing year, through 2024. 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