Summit Leadership Foundation

Analysis

Summit Leadership Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Leadership Foundation reported income of $1.1m and spending of $1.4m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Summit Leadership Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Diocesan Council of Toledo Society of St Vincent de Paul ($1.1m), Bnei Baruch America Inc ($1.1m) and Compassionate Service Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $94k (6.9% of expenses). At year end it held assets of $4.6m against liabilities of $2.3m, net assets of $2.4m. It reported 13 employees.