Summit Health & Management Corporation

Analysis

Summit Health & Management Corporation is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Summit Health & Management Corporation reported income of $2.0m and spending of $1.4m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.0m (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit Health & Management Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Cef Norcal ($2.0m), Casa de Misericordia ($2.0m) and Homme Heights Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $385k. At year end it held assets of $3.0m against liabilities of $15k, net assets of $3.0m. It reported 52 employees.