The Summit Preparatory School of Southwest Missouri

Analysis

The Summit Preparatory School of Southwest Missouri is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in November 2005, 21 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 July 2023, The Summit Preparatory School of Southwest Missouri reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.1m to $2.1m (+3.5%), an average of +0.9% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Summit Preparatory School of Southwest Missouri sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Breakthrough Houston ($2.1m), Denver Justice High School ($2.1m) and American Legion September 11 Memorial Scholarship TR Fund ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $143k (6.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.2m against liabilities of $3.7m, net assets of $484k. It reported 53 employees.