Summit Public Schools Washington
EIN: 464118400 · Seattle, WA · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $19.1M |
| Total Expenses | $18.1M |
| Net Assets | $6.0M |
Is Summit Public Schools Washington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Summit Public Schools Washington
Summit Public Schools Washington (EIN: 464118400) is a nonprofit organization based in Seattle, WA, classified under NTEE code B99. The organization reported total revenue of $19.1M and total assets of $34.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Public Schools Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Public Schools Washington is a large nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.4M |
| Total Expenses | $18.1M |
| Surplus / Deficit | +$248K |
| Total Assets | $27.9M |
| Total Liabilities | $21.9M |
| Net Assets | $6.0M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 78.5% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Summit Public Schools Washington reported a surplus of $248K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 78.5% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Summit Public Schools Washington's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +1.1% | +83.6% |
| 2022 | +5.6% | +11.1% | +6.5% |
| 2021 | -3.5% | +4.1% | +11.5% |
| 2020 | +8.0% | +0.7% | +59.0% |
| 2019 | +51.7% | +39.8% | -20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Summit Public Schools Washington 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 Public Schools Washington 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 $248K, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.5%.
Frequently Asked Questions about Summit Public Schools Washington
Is Summit Public Schools Washington a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Public Schools Washington (EIN: 464118400) insufficient data. 0 red flags identified, 0 strengths noted.
How does Summit Public Schools Washington spend its money?
Detailed spending breakdown data is not yet available for Summit Public Schools Washington. Check back for updated IRS 990 analysis.
Are donations to Summit Public Schools Washington tax-deductible?
Summit Public Schools Washington is registered as a tax-exempt nonprofit (EIN: 464118400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Summit Public Schools Washington located?
Summit Public Schools Washington is headquartered in Seattle, Washington and files with the IRS under EIN 464118400. It is classified under NTEE code B99.
How many years of IRS 990 filings does Summit Public Schools Washington have?
Summit Public Schools Washington has 8 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 $19.1M in total revenue.
Filing History
IRS 990 filing history for Summit Public Schools Washington showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Summit Public Schools Washington's revenue has grown by 227.5%, moving from $5.6M to $18.4M. Total assets increased by 1255.7% over the same period, from $2.1M to $27.9M. Total functional expenses rose by 322.1%, from $4.3M to $18.1M. In its most recent filing year (2023), Summit Public Schools Washington reported a surplus of $248K, with revenue exceeding expenses. The organization holds $21.9M in liabilities against $27.9M in assets (debt-to-asset ratio: 78.5%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.4M | $18.1M | $27.9M | $21.9M | — | View 990 |
| 2022 | $17.9M | $17.9M | $15.2M | $9.4M | — | View 990 |
| 2021 | $17.0M | $16.1M | $14.2M | $8.5M | — | View 990 |
| 2020 | $17.6M | $15.5M | $12.8M | $7.9M | — | View 990 |
| 2019 | $16.3M | $15.4M | $8.0M | $5.3M | — | View 990 |
| 2018 | $10.7M | $11.0M | $10.1M | $8.2M | — | View 990 |
| 2017 | $6.5M | $5.6M | $3.3M | $1.2M | — | View 990 |
| 2016 | $5.6M | $4.3M | $2.1M | $392K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $18.4M, expenses of $18.1M, and assets of $27.9M (revenue +2.3% year-over-year).
- 2022: Revenue of $17.9M, expenses of $17.9M, and assets of $15.2M (revenue +5.6% year-over-year).
- 2021: Revenue of $17.0M, expenses of $16.1M, and assets of $14.2M (revenue -3.5% year-over-year).
- 2020: Revenue of $17.6M, expenses of $15.5M, and assets of $12.8M (revenue +8.0% year-over-year).
- 2019: Revenue of $16.3M, expenses of $15.4M, and assets of $8.0M (revenue +51.7% year-over-year).
- 2018: Revenue of $10.7M, expenses of $11.0M, and assets of $10.1M (revenue +66.4% year-over-year).
- 2017: Revenue of $6.5M, expenses of $5.6M, and assets of $3.3M (revenue +15.2% year-over-year).
- 2016: Revenue of $5.6M, expenses of $4.3M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Public Schools Washington:
Data Sources and Methodology
This transparency report for Summit Public Schools Washington 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.