Summit Academy Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 6,405,650 | 6,627,188 | −221,538 | 3.9 | 46% |
| 2013 | 6,726,037 | 6,685,981 | 40,056 | 3.9 | 46% |
| 2014 | 6,769,855 | 6,686,568 | 83,287 | 4.0 | 46% |
| 2015 | 10,722,641 | 10,056,038 | 666,603 | 3.5 | 46% |
| 2016 | 12,017,403 | 11,663,304 | 354,099 | 3.4 | 45% |
| 2017 | 17,290,412 | 16,052,647 | 1,237,765 | 3.4 | 47% |
| 2018 | 19,068,462 | 17,737,507 | 1,330,955 | 4.0 | 49% |
| 2019 | 18,990,160 | 18,302,918 | 687,242 | 4.9 | 50% |
| 2020 | 20,179,182 | 20,269,775 | −90,593 | 4.8 | 51% |
| 2021 | 21,044,224 | 20,520,818 | 523,406 | 3.0 | 54% |
| 2022 | 22,619,755 | 20,011,122 | 2,608,633 | 4.6 | 57% |
| 2023 | 22,760,375 | 22,656,351 | 104,024 | 3.6 | 51% |
| 2024 | 31,594,749 | 32,494,566 | −899,817 | 2.2 | 47% |
In its most recent public year (2024), this organization spent $899,817 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 3.9 in 2012. Staff pay was 47% 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 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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