Summit Christian Academy

Analysis

Summit Christian Academy is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in March 1992, 34 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 Christian Academy reported income of $17.4m and spending of $14.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $17.4m (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Christian Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Banning Lewis Ranch Academy Inc ($17.4m), Seaside School Consortium Inc ($17.4m) and Maranatha High School ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $236k (1.6% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $35.3m against liabilities of $19.6m, net assets of $15.8m. It reported 367 employees.