Summit Public Schools
780 Broadway St, Redwood City, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $54,305,037 | $56,029,612 | $40,113,572 |
| FY2024 | $58,227,781 | $52,814,960 | $41,453,269 |
| FY2023 | $62,505,480 | $67,560,018 | $28,272,713 |
| FY2022 | $62,350,567 | $61,899,723 | $32,787,512 |
| FY2021 | $55,546,203 | $56,658,320 | $32,026,673 |
| FY2020 | $61,060,378 | $60,850,003 | $37,264,196 |
| FY2019 | $76,985,306 | $73,278,588 | $37,629,463 |
| FY2018 | $83,242,930 | $66,478,059 | $34,716,403 |
| FY2017 | $59,080,241 | $51,271,312 | $20,314,090 |
| FY2016 | $37,360,570 | $34,597,772 | $12,505,161 |
| FY2015 | $28,864,927 | $24,435,783 | $9,874,286 |
| FY2014 | $19,929,741 | $18,574,201 | $5,445,142 |
| FY2013 | $11,756,152 | $9,823,093 | $4,089,602 |
| FY2012 | $8,169,699 | $7,681,969 | $1,309,973 |
Form 990 filings
The returns filed by Summit Public Schools (EIN 26-2034843), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $49,680,525 | 91% |
| Program service revenue | $2,880,007 | 5% |
| Other revenue | $1,744,505 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $50,902,601 | 91% |
| Management & general | $4,788,170 | 9% |
| Fundraising | $338,841 | 1% |
What the numbers show
- Contributions & grants made up 91% of total revenue in FY2025.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 1%.
- 91% of functional expenses went to program services in FY2025. That is higher than 81.2% of 581 Education organizations in CA.
- Net assets covered about 8.6 months of expenses at the end of the reporting year. That puts it in the 40th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 98.2% of 7388 Education organizations in CA.
- Total revenue rose from $8,169,699 in FY2012 to $54,305,037 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2021, FY2023, FY2025).
- The highest revenue on record here is $83,242,930 in FY2018.
- Net assets grew from $1,309,973 to $40,113,572 between FY2012 and FY2025.
- Contributions and grants made up 76% of revenue in FY2012 and 92% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SUMMIT PUBLIC SCHOOLS (SPS) IS A NONPROFIT, CALIFORNIA PUBLIC BENEFIT CORPORATION, DESIGNED TO TRAIN, CONSULT AND ADVISE PUBLIC SCHOOL TEACHERS AND ADMINISTRATORS; TO SUPPORT, MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE PUBLIC CHARTER SCHOOLS (THE SCHOOLS); AND FOR OTHER CHARITABLE EDUCATIONAL
IRS status
| Ruling year | 2009 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B25 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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