Summit Lounge Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 49,835 | 126,305 | −76,470 | -10.6 | — |
| 2021 | 47,723 | 66,868 | −19,145 | -23.4 | — |
| 2022 | 84,807 | 91,083 | −6,276 | -18.0 | — |
| 2023 | 97,234 | 91,440 | 5,794 | -17.2 | — |
In its most recent public year (2023), this organization brought in $5,794 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-17.2 months), down from -10.6 in 2020.
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
Summit Lounge Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works