Summit Academy-Youngstown

Analysis

Summit Academy-Youngstown is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in November 2006, 20 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 June 2023, Summit Academy-Youngstown reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $3.6m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Academy-Youngstown sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Wills Eye Foundation Inc ($3.6m), South Carolina First Steps to School Readiness Board of Trustees ($3.6m) and Ohm ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.