Summit School

Analysis

Summit School is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Summit School reported income of $23.2m and spending of $20.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $23.2m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Lao Family Community Development Inc ($23.2m), Woodstock Academy ($23.2m) and Farmworkers Institute of Education and Leadership Development Inc ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $370k (1.8% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $19.7m against liabilities of $6.7m, net assets of $13.0m. It reported 235 employees.