Summit Academy-toledo
Only null% goes to programs Thin reserves Growing revenue
Summit Academy-toledo is a 501(c)(3) organization based in Akron, Ohio, registered in 2006, with $3,033,141 in FY2023 revenue. CharityIndex grades it C.
2791 Mogadore Rd, Akron, OH, 44312 EIN 73-1685362 Since 2006
Revenue (FY2023)
$3.0M
▲ 13.4% vs prior year
Education median: $200K
Expenses (FY2023)
$3.0M
Net assets
$0
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Summit Academy-toledo— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Summit Academy-toledo: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Summit Academy-toledo— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Summit Academy-toledo: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2791 Mogadore Rd, Akron, OH, 44312
- City
- Akron
- State
- Ohio
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $1.4M (FY2013) to $3.0M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$0
Total liabilities
$0
Net assets
$0
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,033,141▲13.4% | $3,033,141▲13.4% | $0 | $0 | 990 |
| 2022 | $2,675,433▼1.8% | $2,675,433▼1.8% | $0 | $0 | 990 |
| 2021 | $2,723,644▲13.1% | $2,723,644▲13.1% | $0 | $0 | 990 |
| 2020 | $2,407,972▼5.8% | $2,407,972▼13.4% | $0▲100% | $0▼100% | 990 |
| 2019 | $2,555,631▲2.1% | $2,779,440▲13.1% | -$1,969,884▼12.8% | $1,647,863▼16.3% | 990 |
| 2018 | $2,502,882▲100% | $2,457,839▲81.8% | -$1,746,075▲18.0% | $1,968,829▲126% | 990 |
| 2016 | $1,248,469▼26.4% | $1,351,941▼19.9% | -$2,128,461▼20.5% | $870,697▲86.6% | 990 |
| 2015 | $1,696,374▲12.8% | $1,686,826▲14.9% | -$1,765,960▲0.5% | $466,496▲71.0% | 990 |
| 2014 | $1,503,219▲8.8% | $1,468,488▲6.3% | -$1,775,508 | $272,743▲244% | 990 |
| 2013 | $1,381,812 | $1,381,812▲20.7% | $0 | $79,381▲16.8% | 990 |
| 2012 | — | $1,144,569▲1.0% | $0 | $67,954▲22.6% | 990 |
| 2011 | — | $1,133,135▼6.3% | $0 | $55,408▲139% | 990 |
| 2010 | — | $1,209,244▲0.3% | $0 | $23,185▼63.3% | 990 |
| 2009 | — | $1,205,565 | $0 | $63,191 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Summit Academy-toledo a legitimate nonprofit?
- Yes. Summit Academy-toledo is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 73-1685362, based in Akron, Ohio. Donations are tax-deductible.
- What is Summit Academy-toledo's EIN?
- Summit Academy-toledo's Employer Identification Number (EIN) is 73-1685362.
- How much revenue does Summit Academy-toledo report?
- Summit Academy-toledo reported $3,033,141 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Summit Academy-toledo have?
- CharityIndex grades Summit Academy-toledo C, based on financial health (reserves and operating margin).
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Data for Summit Academy-toledo (EIN 73-1685362) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.