Summit Creek Academy
EIN: 852485805 · Browns Summit, NC · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $8.5M |
| Total Expenses | $7.9M |
| Net Assets | $25K |
Is Summit Creek Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Summit Creek Academy
Summit Creek Academy (EIN: 852485805) is a nonprofit organization based in Browns Summit, NC, classified under NTEE code B29. The organization reported total revenue of $8.5M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Creek Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Creek Academy is a mid-size nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 24.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-7,930 |
| Total Assets | $1.4M |
| Total Liabilities | $1.4M |
| Net Assets | $25K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 98.2% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Summit Creek Academy reported a deficit of $8K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 98.2% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Summit Creek Academy's revenue has grown at a compound annual growth rate (CAGR) of 24.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | +25.7% | +25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Summit Creek Academy 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 Creek Academy 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.2%.
Frequently Asked Questions about Summit Creek Academy
Is Summit Creek Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Creek Academy (EIN: 852485805) insufficient data. 0 red flags identified, 0 strengths noted.
How does Summit Creek Academy spend its money?
Detailed spending breakdown data is not yet available for Summit Creek Academy. Check back for updated IRS 990 analysis.
Are donations to Summit Creek Academy tax-deductible?
Summit Creek Academy is registered as a tax-exempt nonprofit (EIN: 852485805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Summit Creek Academy located?
Summit Creek Academy is headquartered in Browns Summit, North Carolina and files with the IRS under EIN 852485805. It is classified under NTEE code B29.
How many years of IRS 990 filings does Summit Creek Academy have?
Summit Creek Academy has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $8.5M in total revenue.
Filing History
IRS 990 filing history for Summit Creek Academy showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Summit Creek Academy's revenue has grown by 24.9%, moving from $6.3M to $7.9M. Total assets increased by 25.4% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 25.7%, from $6.3M to $7.9M. In its most recent filing year (2023), Summit Creek Academy reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.4M in assets (debt-to-asset ratio: 98.2%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $7.9M | $1.4M | $1.4M | — | View 990 |
| 2022 | $6.3M | $6.3M | $1.1M | $1.1M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Creek Academy:
Data Sources and Methodology
This transparency report for Summit Creek Academy 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.