College Summit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,847,788 | 19,079,803 | −5,232,015 | 9.5 | 48% |
| 2012 | 12,696,501 | 17,041,597 | −4,345,096 | 7.6 | 49% |
| 2013 | 12,809,153 | 16,478,144 | −3,668,991 | 5.2 | 44% |
| 2014 | 15,673,598 | 14,286,758 | 1,386,840 | 6.8 | 37% |
| 2015 | 17,879,482 | 14,935,700 | 2,943,782 | 8.9 | 35% |
| 2016 | 11,845,788 | 12,372,159 | −526,371 | 10.2 | 38% |
| 2017 | 4,310,097 | 7,527,116 | −3,217,019 | 11.6 | 46% |
| 2018 | 2,729,190 | 6,315,638 | −3,586,448 | 7.1 | 46% |
| 2019 | 3,974,455 | 4,836,426 | −861,971 | 7.1 | 52% |
| 2020 | 3,192,377 | 5,712,496 | −2,520,119 | 0.7 | 42% |
| 2021 | 4,272,984 | 3,193,016 | 1,079,968 | 5.3 | 48% |
| 2022 | 6,077,996 | 3,645,426 | 2,432,570 | 12.7 | 46% |
| 2023 | 13,658,288 | 4,693,628 | 8,964,660 | 32.8 | 43% |
In its most recent public year (2023), this organization brought in $8,964,660 more than it spent. Its reserves stood at about 32.8 months of spending, up from 9.5 in 2011. Staff pay was 43% of spending. $5,674,012 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 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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