Summit Academy Inc
EIN: 841430606 · Cottonwood, ID · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $859K |
| Net Assets | $15.0M |
Is Summit Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Summit Academy Inc
Summit Academy Inc (EIN: 841430606) is a nonprofit organization based in Cottonwood, ID, classified under NTEE code B20. The organization reported total revenue of $1.4M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Academy Inc is a mid-size nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 33.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.1M |
| Total Expenses | $859K |
| Surplus / Deficit | +$7.2M |
| Total Assets | $15.5M |
| Total Liabilities | $506K |
| Net Assets | $15.0M |
| Operating Margin | 89.3% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 216.2 months |
Financial Health Grade: A
In 2023, Summit Academy Inc reported a surplus of $7.2M with revenue exceeding expenses, holds 216.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Summit Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | -5.7% | +87.8% |
| 2022 | +218.8% | +33.7% | +245.8% |
| 2021 | +274.4% | +14.4% | +273.9% |
| 2020 | -31.1% | -1.9% | +21.5% |
| 2019 | +43.2% | +5.7% | +48.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Summit Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Summit Academy Inc
Is Summit Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Academy Inc (EIN: 841430606) insufficient data. 0 red flags identified, 0 strengths noted.
How does Summit Academy Inc spend its money?
Detailed spending breakdown data is not yet available for Summit Academy Inc. Check back for updated IRS 990 analysis.
Are donations to Summit Academy Inc tax-deductible?
Summit Academy Inc is registered as a tax-exempt nonprofit (EIN: 841430606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Summit Academy Inc located?
Summit Academy Inc is headquartered in Cottonwood, Idaho and files with the IRS under EIN 841430606. It is classified under NTEE code B20.
How many years of IRS 990 filings does Summit Academy Inc have?
Summit Academy Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Summit Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Summit Academy Inc's revenue has grown by 2262.9%, moving from $341K to $8.1M. Total assets increased by 3266.2% over the same period, from $460K to $15.5M. Total functional expenses rose by 125.8%, from $381K to $859K. In its most recent filing year (2023), Summit Academy Inc reported a surplus of $7.2M, with revenue exceeding expenses. The organization holds $506K in liabilities against $15.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.1M | $859K | $15.5M | $506K | — | View 990 |
| 2022 | $6.8M | $912K | $8.2M | $465K | — | View 990 |
| 2021 | $2.1M | $682K | $2.4M | $447K | — | — |
| 2020 | $566K | $596K | $638K | $139K | — | View 990 |
| 2019 | $821K | $608K | $525K | $12K | — | View 990 |
| 2018 | $573K | $575K | $353K | $53K | — | View 990 |
| 2017 | $431K | $496K | $400K | $99K | — | View 990 |
| 2016 | $394K | $508K | $417K | $51K | — | View 990 |
| 2015 | $641K | $509K | $526K | $46K | — | View 990 |
| 2014 | $437K | $449K | $481K | $138K | — | View 990 |
| 2013 | $346K | $397K | $435K | $80K | — | View 990 |
| 2012 | $341K | $381K | $460K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.1M, expenses of $859K, and assets of $15.5M (revenue +19.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $912K, and assets of $8.2M (revenue +218.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $682K, and assets of $2.4M (revenue +274.4% year-over-year).
- 2020: Revenue of $566K, expenses of $596K, and assets of $638K (revenue -31.1% year-over-year).
- 2019: Revenue of $821K, expenses of $608K, and assets of $525K (revenue +43.2% year-over-year).
- 2018: Revenue of $573K, expenses of $575K, and assets of $353K (revenue +33.2% year-over-year).
- 2017: Revenue of $431K, expenses of $496K, and assets of $400K (revenue +9.2% year-over-year).
- 2016: Revenue of $394K, expenses of $508K, and assets of $417K (revenue -38.5% year-over-year).
- 2015: Revenue of $641K, expenses of $509K, and assets of $526K (revenue +46.8% year-over-year).
- 2014: Revenue of $437K, expenses of $449K, and assets of $481K (revenue +26.4% year-over-year).
- 2013: Revenue of $346K, expenses of $397K, and assets of $435K (revenue +1.4% year-over-year).
- 2012: Revenue of $341K, expenses of $381K, and assets of $460K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Academy Inc:
Data Sources and Methodology
This transparency report for Summit Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.