Summit School Foundation Inc

Analysis

Summit School Foundation Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit School Foundation Inc reported income of $328k and spending of $208k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $756k to $328k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. 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, Summit School Foundation 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 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Affirm Leadership Christian Academy Inc ($328k), Collierville Education Foundation Inc ($328k) and University of Louisiana at Monroe Alumni Association ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.