Summit Christian Academy

Analysis

Summit Christian Academy is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in February 1999, 27 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 Christian Academy reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $480k to $1.2m (+142%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 49%. 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, Summit Christian Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within ID. Charities of a similar size with the same main cause include Stonewall Head Start Inc ($1.2m), Dorchester County Public Library ($1.2m) and Child Development Center of Central West Virginia Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $62k (5.9% of expenses). Other salaries and wages came to $629k. At year end it held assets of $1.7m against liabilities of $982k, net assets of $709k. It reported 46 employees.