Summit Classical Christian School

Analysis

Summit Classical Christian School is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in November 2007, 19 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 Classical Christian School reported income of $3.5m and spending of $2.8m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $837k to $3.5m (+322%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Classical Christian School sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Life Prep ($3.5m), Downtown College Prep Foundation ($3.5m) and Geo Academies Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 62% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $1.5m against liabilities of $27k, net assets of $1.5m. It reported 41 employees.