Summit Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 340,921 | 380,506 | −39,585 | 13.0 | 70% |
| 2013 | 345,785 | 396,684 | −50,899 | 10.8 | 66% |
| 2014 | 436,921 | 448,868 | −11,947 | 9.2 | 66% |
| 2015 | 641,200 | 509,138 | 132,062 | 11.3 | 64% |
| 2016 | 394,312 | 507,900 | −113,588 | 8.7 | 69% |
| 2017 | 430,555 | 496,267 | −65,712 | 7.3 | 71% |
| 2018 | 573,381 | 574,980 | −1,599 | 6.2 | 68% |
| 2019 | 821,249 | 607,636 | 213,613 | 10.1 | 69% |
| 2020 | 565,828 | 595,922 | −30,094 | 10.0 | 67% |
| 2021 | 2,118,546 | 681,775 | 1,436,771 | 34.1 | 64% |
| 2022 | 6,753,629 | 911,694 | 5,841,935 | 102.4 | 63% |
| 2023 | 8,055,730 | 859,332 | 7,196,398 | 209.1 | 65% |
In its most recent public year (2023), this organization brought in $7,196,398 more than it spent. Its reserves stood at about 209.1 months of spending, up from 13 in 2012. Staff pay was 65% of spending. $2,365,966 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
Summit Academy Inc'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