Summit Nursery School

Analysis

Summit Nursery School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1985, 41 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 Nursery School reported income of $741k and spending of $487k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $434k to $741k (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Nursery School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Friends of Vineland Public Charter School ($741k), The Antonian Ltd ($741k) and Santa Ynez Valley Airport Authority ($741k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $210k. At year end it held assets of $428k against liabilities of $162k, net assets of $266k. It reported 12 employees.