Summit Academy of Greater Louisville Inc

Analysis

Summit Academy of Greater Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1993, 33 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 2024, Summit Academy of Greater Louisville Inc reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.9m to $2.8m (-3.7%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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 Greater Louisville Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Redeemer Classical School ($2.8m), Highland Park Montessori School Inc ($2.8m) and Garfield County Frontier Fair Association ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.9m against liabilities of $608k, net assets of $2.3m.