Summit Public Schools

Analysis

Summit Public Schools is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 2009, 17 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 Public Schools reported income of $62.5m and spending of $67.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $77.0m to $62.5m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Public Schools sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Miami Country Day School Inc ($62.5m), Maharishi International University ($62.6m) and Collegium Charter School ($62.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $839k (1.2% of expenses). Other salaries and wages came to $30.8m. At year end it held assets of $76.0m against liabilities of $47.7m, net assets of $28.3m. It reported 488 employees.