Summa Global Education

Analysis

Summa Global Education is a registered charity in United States, based in Fairless HLS, PA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summa Global Education reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.3m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summa Global Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Haystack Mountain School of Crafts ($2.3m), East Bay Waldorf School Association Inc ($2.3m) and St Croix Montessori School ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $282k. At year end it held assets of $1.5m against liabilities of $915k, net assets of $553k.