Summit Bible Church Inc

Analysis

Summit Bible Church Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in March 2005, 21 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 Bible Church Inc reported income of $197k and spending of $206k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $197k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Summit Bible Church Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Biblical Studies Center Inc ($197k), Outfitters for Christ ($197k) and Evangelical Pentecostal Church of the United States of America Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $56k. At year end it held assets of $13k against liabilities of $9,208, net assets of $3,831. It reported 1 employees.