Summit Equestrian Center

Analysis

Summit Equestrian Center is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Summit Equestrian Center reported income of $468k and spending of $156k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $468k (+137%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit Equestrian Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Crisis Intervention Service ($468k), Brooks Senior Center ($468k) and Daybreak Foundation ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.6% of the total. Other salaries and wages came to $36k. At year end it held assets of $482k against liabilities of $0, net assets of $482k. It reported 1 employees.