Clark Summit University

Analysis

Clark Summit University is a registered charity in United States, based in Clarks Summit, PA. It received its IRS tax-exemption ruling in November 1940, 86 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Clark Summit University reported income of $9.0m and spending of $10.8m, spending 121% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $9.2m to $9.0m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to May 2023, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clark Summit University sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Thrivepoint High School ($9.0m), The Riviera Ridge School ($9.0m) and William L Gilbert School Corp ($9.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $392k (3.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.7m against liabilities of $6.4m, net assets of $3.3m. It reported 418 employees.