Summit Public Schools Washington

Analysis

Summit Public Schools Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2014, 12 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 August 2023, Summit Public Schools Washington reported income of $18.4m and spending of $18.1m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $16.3m to $18.4m (+13%), an average of +3.0% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Public Schools Washington 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 97th percentile within WA. Charities of a similar size with the same main cause include Lakes International Language Academy ($18.4m), Corvian Community School Inc ($18.4m) and Vanguard Classical School Inc ($18.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $27.9m against liabilities of $21.9m, net assets of $6.0m. It reported 122 employees.