Summit Academy Middle School Columbus
Summit Academy Middle School Columbus consistently reports zero assets and liabilities in recent years despite significant revenue.
EIN: 201437998 · Akron, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $743K |
| Total Expenses | $743K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $700,000 |
| Transparency Score | 60/100 |
Is Summit Academy Middle School Columbus Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Academy Middle School Columbus directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Academy Middle School Columbus
Summit Academy Middle School Columbus (EIN: 201437998) is a nonprofit organization based in Akron, OH, classified under NTEE code B29. The organization reported total revenue of $743K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Academy Middle School Columbus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Academy Middle School Columbus is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $743K |
| Total Expenses | $743K |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Summit Academy Middle School Columbus reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Summit Academy Middle School Columbus's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.3% | -29.3% | — |
| 2022 | +17.8% | +17.8% | — |
| 2021 | -27.7% | -29.0% | -100.0% |
| 2020 | +16.0% | +29.0% | -13.5% |
| 2019 | -11.3% | +46.8% | +56.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Academy Middle School Columbus with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Summit Academy Middle School Columbus allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues exceeding $700,000 annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Summit Academy Middle School Columbus's IRS 990 filings:
- Consistent reporting of zero assets and liabilities in recent years (2021-2023) despite significant revenue.
- Expenses exactly matching revenue for multiple consecutive periods (2021-2023), which is unusual for an operating entity.
- No reported officer compensation across all filings, which is atypical for an organization with over $700,000 in annual revenue.
- Significant fluctuation in assets and liabilities over time, with a sudden shift to zero in recent years, indicating a major, unexplained financial restructuring.
Strengths
The following positive indicators were identified for Summit Academy Middle School Columbus:
- 100% of expenses are directly related to programs and administration, with no reported fundraising costs, indicating efficient use of funds once acquired.
- No reported officer compensation, suggesting resources are not being diverted to high executive salaries.
Frequently Asked Questions about Summit Academy Middle School Columbus
Is Summit Academy Middle School Columbus a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Academy Middle School Columbus (EIN: 201437998) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Summit Academy Middle School Columbus spend its money?
Summit Academy Middle School Columbus directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summit Academy Middle School Columbus tax-deductible?
Summit Academy Middle School Columbus is registered as a tax-exempt nonprofit (EIN: 201437998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Summit Academy Middle School Columbus CEO make?
Summit Academy Middle School Columbus's highest-compensated officer earns $700,000 annually. The organization reported $743K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Summit Academy Middle School Columbus compare to similar nonprofits?
With a transparency score of 60/100 (Good), Summit Academy Middle School Columbus is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit Academy Middle School Columbus located?
Summit Academy Middle School Columbus is headquartered in Akron, Ohio and files with the IRS under EIN 201437998. It is classified under NTEE code B29.
How many years of IRS 990 filings does Summit Academy Middle School Columbus have?
Summit Academy Middle School Columbus has 13 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 $743K in total revenue.
Why does Summit Academy Middle School Columbus consistently report zero assets and liabilities in recent years (2021-2023) despite significant revenue?
The consistent reporting of zero assets and liabilities, alongside revenues matching expenses exactly, suggests a unique financial structure, possibly indicating a pass-through entity where funds are immediately disbursed, or that the school's assets and liabilities are held by a related entity not reflected in these specific filings. This warrants further inquiry into their operational model.
How does Summit Academy Middle School Columbus operate without any reported officer compensation?
The 0% officer compensation across all filings is highly unusual for an organization of this size. It could mean that officers are volunteers, compensated by a related entity, or that the compensation is categorized differently within the expenses, which would require a deeper dive into their detailed financial statements.
What caused the significant shift from substantial liabilities in earlier years (e.g., $2,097,218 in 2020) to zero liabilities in recent years?
The dramatic reduction from over $2 million in liabilities to zero suggests a major financial restructuring, debt forgiveness, or a change in how financial obligations are reported or managed, potentially through a parent organization or related entity.
Is Summit Academy Middle School Columbus financially sustainable given its zero asset position?
Operating with zero reported assets and no financial reserves could indicate a precarious financial position, heavily reliant on continuous incoming revenue to cover immediate expenses. This model lacks a buffer for unexpected costs or economic downturns, raising concerns about long-term sustainability unless there's an external guarantor or parent organization.
Filing History
IRS 990 filing history for Summit Academy Middle School Columbus showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summit Academy Middle School Columbus's revenue has declined by 7.5%, moving from $803K to $743K. Total assets decreased by 100% over the same period, from $101K to $0. Total functional expenses fell by 7.5%, from $803K to $743K. In its most recent filing year (2023), Summit Academy Middle School Columbus reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $743K | $743K | $0 | $0 | — | View 990 |
| 2022 | $1.1M | $1.1M | $0 | $0 | — | View 990 |
| 2021 | $892K | $892K | $0 | $0 | — | View 990 |
| 2020 | $1.2M | $1.3M | $882K | $2.1M | — | View 990 |
| 2019 | $1.1M | $973K | $1.0M | $2.2M | — | View 990 |
| 2018 | $1.2M | $663K | $654K | $1.9M | — | View 990 |
| 2017 | $1.1M | $1.1M | $659K | $2.1M | — | View 990 |
| 2016 | $1.6M | $1.6M | $373K | $1.6M | — | View 990 |
| 2015 | $1.4M | $1.4M | $307K | $1.5M | — | View 990 |
| 2014 | $1.3M | $1.3M | $192K | $192K | — | View 990 |
| 2013 | $1.1M | $1.1M | $151K | $151K | — | View 990 |
| 2012 | $1.1M | $1.1M | $80K | $80K | — | View 990 |
| 2011 | $803K | $803K | $101K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $743K, expenses of $743K, and assets of $0 (revenue -29.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $0 (revenue +17.8% year-over-year).
- 2021: Revenue of $892K, expenses of $892K, and assets of $0 (revenue -27.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $882K (revenue +16.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $973K, and assets of $1.0M (revenue -11.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $663K, and assets of $654K (revenue +13.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $659K (revenue -34.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $373K (revenue +11.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $307K (revenue +8.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $192K (revenue +20.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $151K (revenue +3.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $80K (revenue +31.7% year-over-year).
- 2011: Revenue of $803K, expenses of $803K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Academy Middle School Columbus:
Data Sources and Methodology
This transparency report for Summit Academy Middle School Columbus 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.