Summit Early Learning Inc

Analysis

Summit Early Learning Inc is a registered charity in United States, based in Mifflinburg, PA. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Summit Early Learning Inc reported income of $14.8m and spending of $14.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $14.8m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Early Learning Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Whitney Academy Inc ($14.8m), DC Scholars Public Charter School Inc ($14.8m) and Crossroads Continuum Inc ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $9.1m. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 315 employees.