Summit Future Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 39,261 | 21,371 | 17,890 | 10.0 | 7% |
| 2020 | 133,938 | 118,623 | 15,315 | 3.5 | 69% |
| 2021 | 442,881 | 381,897 | 60,984 | 2.2 | 68% |
| 2022 | 673,349 | 584,648 | 88,701 | 3.7 | 60% |
| 2023 | 942,602 | 898,849 | 43,753 | 2.6 | 57% |
In its most recent public year (2023), this organization brought in $43,753 more than it spent. Its reserves stood at about 2.6 months of spending, down from 10 in 2019. Staff pay was 57% 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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