Summit Educational Association Inc

Analysis

Summit Educational Association Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1993, 33 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 December 2023, Summit Educational Association Inc reported income of $425k and spending of $585k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $573k to $425k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Educational Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Collegeville Fire Company No 1 ($425k), Recycling Works ($425k) and The Teen Center ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $55k (9.4% of expenses). Other salaries and wages came to $251k. At year end it held assets of $484k against liabilities of $48k, net assets of $436k. It reported 30 employees.