Summers-Knoll School

Analysis

Summers-Knoll School is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in October 1995, 31 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, Summers-Knoll School reported income of $1.7m and spending of $2.1m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.5m to $1.7m (-31%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summers-Knoll School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Great Lakes Boat Building School ($1.7m), Tucson Preparatory School ($1.7m) and Montessori Connection NFP ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $347k (16% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.9m against liabilities of $2.3m, net assets of $1.6m. It reported 48 employees.