Summit54

Analysis

Summit54 is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Summit54 reported income of $1.1m and spending of $922k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit54 sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Montessori School Washington Park ($1.1m), Montessori for Public Service ($1.1m) and Smith County Champions for Children Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.6m against liabilities of $1,650, net assets of $1.6m.