Summit Learning Center

Analysis

Summit Learning Center is a registered charity in United States, based in Eagle Creek, OR. It received its IRS tax-exemption ruling in March 2010, 16 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 Learning Center reported income of $10.3m and spending of $10.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $10.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Learning Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Redwood Christian Schools ($10.3m), Innovation Charter High School ($10.3m) and First State Montessori Academy Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $378k (3.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.2m against liabilities of $6.3m, net assets of $3.9m. It reported 60 employees.