Summer Scholars

Analysis

Summer Scholars is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Summer Scholars reported income of $2.8m and spending of $2.9m, spending 106% of what it took in. Across the 5 years on record, from October 2019 to July 2023, income grew from $2.4m to $2.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to July 2022, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summer Scholars 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 88th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Mount Healthy Preparatory and Fitness Academy ($2.8m), New York Academy Educational Services Inc ($2.8m) and Milwaukee Area Sheet Metal Apprenticeship & Training TR ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $84k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.8m against liabilities of $427k, net assets of $2.4m. It reported 187 employees.