Summit Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,074,525 | 4,277,404 | −202,879 | 17.9 | 31% |
| 2012 | 6,313,768 | 5,334,753 | 979,015 | 16.6 | 29% |
| 2013 | 6,661,146 | 5,684,991 | 976,155 | 17.9 | 28% |
| 2014 | 6,093,623 | 5,644,734 | 448,889 | 19.1 | 25% |
| 2015 | 5,896,313 | 5,680,620 | 215,693 | 19.3 | 29% |
| 2016 | 7,089,057 | 5,865,812 | 1,223,245 | 20.5 | 33% |
| 2017 | 7,423,317 | 6,508,741 | 914,576 | 20.4 | 34% |
| 2018 | 7,766,142 | 8,242,176 | −476,034 | 15.3 | 34% |
| 2019 | 8,573,731 | 7,406,260 | 1,167,471 | 19.1 | 39% |
| 2020 | 6,901,949 | 6,727,304 | 174,645 | 21.5 | 44% |
| 2021 | 12,358,452 | 9,232,603 | 3,125,849 | 19.6 | 36% |
| 2022 | 12,307,180 | 11,914,284 | 392,896 | 15.4 | 39% |
| 2023 | 13,618,758 | 13,934,477 | −315,719 | 12.9 | 38% |
In its most recent public year (2023), this organization spent $315,719 more than it brought in. Its reserves stood at about 12.9 months of spending, down from 17.9 in 2011. Staff pay was 38% of spending. $1,051,679 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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