Summit Academy Akron Middle School

Analysis

Summit Academy Akron Middle School is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in June 2005, 21 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 Academy Akron Middle School reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Academy Akron Middle School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Kent Library Association ($1.6m), Olathe Public Schools Foundation ($1.6m) and United Parents and Students ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.