620 Summit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 64,374 | 98,223 | −33,849 | -22.2 | 11% |
| 2021 | 65,638 | 109,970 | −44,332 | -24.7 | 11% |
| 2022 | 66,259 | 106,722 | −40,463 | -30.0 | 0% |
| 2023 | 62,688 | 97,384 | −34,696 | -37.1 | 0% |
In its most recent public year (2023), this organization spent $34,696 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-37.1 months), down from -22.2 in 2020. Staff pay was 0% 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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