Summit Academy of Southwest Ohio Inc

Analysis

Summit Academy of Southwest Ohio Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 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 July 2024, Summit Academy of Southwest Ohio Inc reported income of $336k and spending of $303k, spending 90% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $250k to $336k (+34%), an average of +16% a year. The sharpest change came in the year to July 2024, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Academy of Southwest Ohio Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Cleanerdns Inc ($335k), Crescent Academy ($336k) and Reliance College Fund ($335k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (15% of expenses). Other salaries and wages came to $193k. At year end it held assets of $131k against liabilities of $0, net assets of $131k. It reported 8 employees.