Summit Academy Secondary School - Parma

Analysis

Summit Academy Secondary School - Parma is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in November 2006, 20 years ago. 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 Academy Secondary School - Parma reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.3m (-0.7%), an average of -0.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Academy Secondary School - Parma sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Impact Philanthropy Group ($3.3m), Sun Dial Manor Inc ($3.3m) and Colorado Wheat Research Foundation Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.