Summits Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 250,851 | 70,322 | 180,529 | 30.8 | 0% |
| 2016 | 1,504,362 | 993,635 | 510,727 | 8.3 | 17% |
| 2017 | 3,324,137 | 2,218,155 | 1,105,982 | 7.3 | 3% |
| 2018 | 810,828 | 1,629,996 | −819,168 | 0.4 | 5% |
| 2019 | 3,016,247 | 2,191,912 | 824,335 | 4.8 | 3% |
| 2020 | 1,198,964 | 1,809,003 | −610,039 | 1.7 | 11% |
| 2021 | 3,779,244 | 2,865,854 | 913,390 | 4.9 | 6% |
| 2022 | 2,748,626 | 2,358,191 | 390,435 | 8.0 | 11% |
| 2023 | 4,074,095 | 3,108,964 | 965,131 | 9.8 | 11% |
In its most recent public year (2023), this organization brought in $965,131 more than it spent. Its reserves stood at about 9.8 months of spending, down from 30.8 in 2015. Staff pay was 11% 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
Summits Education'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