St Paul Academy and Summit School

Analysis

St Paul Academy and Summit School is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1969, 57 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, St Paul Academy and Summit School reported income of $33.9m and spending of $38.3m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.1m to $33.9m (-3.3%), an average of -0.8% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Paul Academy and Summit School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Project Access Foundation Inc ($33.9m), Coney Island Preparatory Public Charter School ($33.9m) and Castilleja School Foundation ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $4.0m (10% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $146.0m against liabilities of $15.2m, net assets of $130.8m. It reported 450 employees.