Summit Impact A Nonprofit Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 835,600 | 507,102 | 328,498 | 12.1 | 49% |
| 2022 | 3,065,896 | 964,108 | 2,101,788 | 26.2 | 53% |
| 2023 | 124,138 | 786,230 | −662,092 | 22.0 | 66% |
In its most recent public year (2023), this organization spent $662,092 more than it brought in. Its reserves stood at about 22 months of spending, up from 12.1 in 2021. Staff pay was 66% 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
Summit Impact A Nonprofit 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