Greater Summit County Early Learning Center

Analysis

Greater Summit County Early Learning Center is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 2017, 9 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, Greater Summit County Early Learning Center reported income of $972k and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $972k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Summit County Early Learning Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Nw-Links ($972k), Koan School ($972k) and Student1 ($972k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $110k (10% of expenses). At year end it held assets of $935k against liabilities of $1,696, net assets of $933k.