Summit Christian College

Analysis

Summit Christian College is a registered charity in United States, based in Gering, NE. It received its IRS tax-exemption ruling in September 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Summit Christian College reported income of $775k and spending of $802k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $709k to $775k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 37%. 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 Christian College sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NE. Charities of a similar size with the same main cause include Northern California Vipassana Center ($775k), Project Rousseau Inc ($775k) and North Myrtle Beach Christian School ($775k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $63k (7.9% of expenses). Other salaries and wages came to $425k. At year end it held assets of $963k against liabilities of $150k, net assets of $812k. It reported 34 employees.