Summit Of Fort Payne
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 101,747 | 5,717 | 96,030 | 201.6 | — |
| 2017 | 2,189,154 | 192,784 | 1,996,370 | 130.2 | 33% |
| 2018 | 241,526 | 236,902 | 4,624 | 106.2 | 40% |
| 2019 | 176,318 | 246,600 | −70,282 | 98.6 | 42% |
| 2020 | 197,572 | 271,958 | −74,386 | 86.1 | 45% |
| 2021 | 234,209 | 305,664 | −71,455 | 73.8 | 45% |
| 2022 | 325,477 | 351,559 | −26,082 | 63.3 | 50% |
| 2023 | 336,610 | 411,180 | −74,570 | 52.0 | 53% |
In its most recent public year (2023), this organization spent $74,570 more than it brought in. Its reserves stood at about 52 months of spending, down from 201.6 in 2016. Staff pay was 53% 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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