The Summit League Inc

Analysis

The Summit League Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in October 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Summit League Inc reported income of $9.0m and spending of $8.2m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.4m to $9.0m (+6.9%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Summit League Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within SD. Charities of a similar size with the same main cause include Upward Bound House ($9.0m), Kimi Nichols Center Inc ($9.0m) and Hillside House ($9.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $452k (5.5% of expenses). Other salaries and wages came to $787k. At year end it held assets of $10.8m against liabilities of $5.9m, net assets of $4.9m. It reported 13 employees.