Northern Summit Academy

Analysis

Northern Summit Academy is a registered charity in United States, based in Anderson, CA. It received its IRS tax-exemption ruling in July 2016, 10 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, Northern Summit Academy reported income of $3.6m and spending of $3.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.6m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 28%. 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, Northern Summit Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Tecnologico de Monterrey Foundation ($3.6m), Father McGivney Catholic High School ($3.6m) and Monadnock Collaborative ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $186k (6.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $644k, net assets of $2.8m. It reported 50 employees.