Summit Health Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,034,354 | 0 | 1,034,354 | — | — |
| 2020 | 60,984,974 | 1,192,436 | 59,792,538 | 601.6 | 0% |
| 2021 | 2,715,186 | 1,836,567 | 878,619 | 479.6 | 0% |
| 2022 | 3,853,045 | 2,014,018 | 1,839,027 | 372.7 | 0% |
| 2023 | 1,982,544 | 1,793,900 | 188,644 | 441.1 | 0% |
In its most recent public year (2023), this organization brought in $188,644 more than it spent. Its reserves stood at about 441.1 months of spending. Staff pay was 0% of spending. $25,479,505 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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