Summit Charter School Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,606,225 | 569,517 | 1,036,708 | 109.1 | 0% |
| 2012 | 525,114 | 554,137 | −29,023 | 111.5 | 0% |
| 2013 | 479,005 | 524,830 | −45,825 | 116.7 | 0% |
| 2014 | 719,796 | 617,094 | 102,702 | 101.1 | 0% |
| 2015 | 258,769 | 303,541 | −44,772 | 203.8 | 0% |
| 2016 | 590,482 | 608,433 | −17,951 | 101.5 | 0% |
| 2017 | 4,708,984 | 512,003 | 4,196,981 | 219.8 | 0% |
| 2018 | 2,013,340 | 594,495 | 1,418,845 | 218.8 | 0% |
| 2019 | 1,008,044 | 702,438 | 305,606 | 189.2 | 0% |
| 2020 | 703,732 | 609,829 | 93,903 | 219.6 | 0% |
| 2021 | 728,486 | 907,206 | −178,720 | 143.9 | 0% |
| 2022 | 951,435 | 1,019,212 | −67,777 | 126.5 | 0% |
| 2023 | 4,145,327 | 1,149,750 | 2,995,577 | 143.6 | 0% |
In its most recent public year (2023), this organization brought in $2,995,577 more than it spent. Its reserves stood at about 143.6 months of spending, up from 109.1 in 2011. Staff pay was 0% of spending. $3,063,304 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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