Summit Middle Charter School Inc

Analysis

Summit Middle Charter School Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 2001, 25 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 2023, Summit Middle Charter School Inc reported income of $5.3m and spending of $4.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.3m (+22%), an average of +5.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit Middle Charter School Inc 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 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Micronutrient Forum ($5.3m), Lindsay Lane Christian Academy ($5.3m) and Opportunity Scholarship Fund ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $336k (6.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.5m against liabilities of $6.6m, net assets of -$2.0m.