Summit Schools Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 969,376 | 855,565 | 113,811 | 5.2 | 67% |
| 2013 | 1,041,460 | 904,968 | 136,492 | 6.4 | 67% |
| 2014 | 887,244 | 928,894 | −41,650 | 5.3 | 67% |
| 2015 | 824,925 | 886,911 | −61,986 | 4.2 | 66% |
| 2016 | 808,459 | 858,780 | −50,321 | 3.5 | 68% |
| 2017 | 1,020,789 | 953,022 | 67,767 | 4.0 | 69% |
| 2018 | 1,072,424 | 1,022,635 | 49,789 | 4.3 | 69% |
| 2019 | 1,108,561 | 1,051,356 | 57,205 | 4.8 | 71% |
| 2020 | 1,081,194 | 1,055,599 | 25,595 | 5.0 | 74% |
| 2021 | 1,032,702 | 1,030,168 | 2,534 | 5.3 | 70% |
| 2022 | 1,505,080 | 1,108,144 | 396,936 | 9.3 | 73% |
| 2023 | 1,298,673 | 1,183,656 | 115,017 | 9.8 | 71% |
| 2024 | 1,492,554 | 1,335,035 | 157,519 | 10.1 | 69% |
In its most recent public year (2024), this organization brought in $157,519 more than it spent. Its reserves stood at about 10.1 months of spending, up from 5.2 in 2012. Staff pay was 69% of spending. $253,796 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
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