Summit Medical Fitness Center

Analysis

Summit Medical Fitness Center is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Summit Medical Fitness Center reported income of $5.8m and spending of $7.0m, spending 120% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $5.8m to $5.8m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to March 2022, when income rose by 59%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit Medical Fitness Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MT. Charities of a similar size with the same main cause include Woodward Childrens Center Inc ($5.8m), Health Services Center Inc ($5.8m) and Rest Haven Homes Inc ($5.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $208k (3.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.2m against liabilities of $2.9m, net assets of $3.3m. It reported 180 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.