Summit Art Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 20,290 | 24,253 | −3,963 | 8.0 | — |
| 2010 | 27,860 | 17,577 | 10,283 | 18.1 | — |
| 2011 | 48,149 | 40,550 | 7,599 | 10.1 | — |
| 2012 | 73,624 | 70,419 | 3,205 | 6.3 | — |
| 2013 | 81,174 | 79,728 | 1,446 | 5.7 | — |
| 2014 | 75,372 | 76,669 | −1,297 | 5.9 | — |
| 2015 | 212,421 | 165,575 | 46,846 | 0.0 | 33% |
| 2016 | 223,898 | 217,695 | 6,203 | 4.8 | 36% |
| 2017 | 199,809 | 209,333 | −9,524 | 4.5 | 37% |
| 2018 | 209,391 | 210,972 | −1,581 | 4.4 | 39% |
| 2019 | 105,995 | 144,694 | −38,699 | 3.1 | 27% |
| 2020 | 30,256 | 54,776 | −24,520 | 3.7 | 27% |
| 2021 | 56,166 | 56,707 | −541 | 4.7 | 32% |
| 2023 | 94,756 | 75,129 | 19,627 | 5.6 | — |
In its most recent public year (2023), this organization brought in $19,627 more than it spent. Its reserves stood at about 5.6 months of spending, down from 8 in 2009.
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
Summit Art Inc's IRS filings as a feed — one entry per filing year, through 2023. 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