Summit Agency Inc

Charity Navigator Rating 77% - Three-Star out of Four Star rating

Summit Agency Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from the Accountability & Finance beacon, reflecting the organization’s commitment to transparency and responsible financial management. The charity's score shows that it adheres to best practices in governance, with a fully independent board and comprehensive policies in place.

The organization scores particularly well in areas such as the composition of its board, financial oversight, and the absence of material asset diversion. It also demonstrates effective program expenditure, allocating nearly 89% of its budget towards its mission-related activities. These strengths highlight Summit Agency Inc's focus on maintaining rigorous standards of accountability.

However, a notable limitation is the liability to assets ratio, which scored 0 out of 15 points. This suggests potential concerns regarding the organization’s financial stability or risk management practices. While the overall accountability is commendable, stakeholders may want to consider this aspect when evaluating the organization’s long-term sustainability.

This AI summary has been generated from information found on Charity Navigator.

Summit Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Agency Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $70,005
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,638,388

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Official website here: www.summitacademiesma.com