Summit Agency Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 927,682 | 1,019,804 | −92,122 | -1.3 | 55% |
| 2012 | 973,921 | 1,123,276 | −149,355 | -2.8 | 58% |
| 2013 | 1,226,888 | 1,285,060 | −58,172 | -3.7 | 62% |
| 2014 | 1,452,725 | 1,379,290 | 73,435 | -3.1 | 71% |
| 2015 | 1,658,554 | 1,411,464 | 247,090 | -1.0 | 73% |
| 2016 | 1,587,225 | 1,523,705 | 63,520 | -1.7 | 72% |
| 2017 | 1,809,153 | 1,750,211 | 58,942 | -1.0 | 69% |
| 2018 | 1,690,667 | 1,826,958 | −136,291 | -1.9 | 71% |
| 2019 | 1,864,612 | 1,988,196 | −123,584 | -2.5 | 54% |
| 2020 | 1,536,430 | 1,625,812 | −89,382 | -3.7 | 69% |
| 2021 | 1,793,488 | 1,998,535 | −205,047 | -4.2 | 64% |
| 2022 | 2,076,948 | 2,908,216 | −831,268 | -6.3 | 58% |
| 2023 | 2,531,578 | 3,087,296 | −555,718 | -8.3 | 62% |
In its most recent public year (2023), this organization spent $555,718 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.3 months), down from -1.3 in 2011. Staff pay was 62% 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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