Summit School Inc

Analysis

Summit School Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2000, 26 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 School Inc reported income of $15.9m and spending of $15.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.2m to $15.9m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. 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, Summit School 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 96th percentile within PA. Charities of a similar size with the same main cause include Michigan High School Athletic Assn Inc ($15.9m), Samueli Academy ($15.9m) and Briya Public Charter School ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $276k (1.8% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $9.4m against liabilities of $2.2m, net assets of $7.2m. It reported 201 employees.