Quick charity verification for Summit Educational Foundation Inc (EIN: 222871770)
Verdict: Summit Educational Foundation Inc shows mixed signals
65/100Mission Score
$1.4MRevenue
$7.3MAssets
3Red Flags
3Strengths
Red Flags
Program spending (30%) is significantly lower than administrative (35%) and fundraising (35%) expenses, raising questions about direct impact.
A notable drop in revenue from $1,144,101 in 2021 to $418,954 in 2020 and then a recovery to $1,436,330 in 2024 suggests potential revenue volatility.
The 'c0%' for compensation across all years might indicate that key personnel are volunteers or compensated through other means not captured in this summary, which could be a lack of transparency.
Strengths
Consistent asset growth from $5,665,935 in 2017 to $7,268,741 in 2024 demonstrates strong financial management and stability.
The organization maintains a healthy reserve, with assets significantly exceeding liabilities.
Revenue has shown a strong rebound in 2024 to $1,436,330, indicating renewed donor support or successful fundraising efforts.
AI Transparency Report
Summit Educational Foundation Inc is a unknown nonprofit based in Summit, New Jersey, with reported revenue of $1.4M and assets of $7.3M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 30% of spending goes to programs, 35% to administration, and 35% to fundraising. Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no compensation reported for key employees in the summarized filings. Revenue has declined -60% across 14 filing periods.