Summit Classical Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 83,608 | 50,450 | 33,158 | 7.9 | 0% |
| 2021 | 354,981 | 333,767 | 21,214 | 2.0 | 58% |
| 2022 | 648,123 | 524,455 | 123,668 | 4.1 | 51% |
| 2023 | 1,050,979 | 838,573 | 212,406 | 6.1 | 50% |
In its most recent public year (2023), this organization brought in $212,406 more than it spent. Its reserves stood at about 6.1 months of spending, down from 7.9 in 2020. Staff pay was 50% of spending. $5,000 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 Classical 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