Summit Charter School Inc

Analysis

Summit Charter School Inc is a registered charity in United States, based in Cashiers, NC. It received its IRS tax-exemption ruling in March 1998, 28 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, Summit Charter School Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.0m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Charter School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Paddington Station Inc ($4.0m), Broadwater Academy ($4.0m) and P B & J Family Services Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $270k against liabilities of $128k, net assets of $142k. It reported 63 employees.