Summit Missions

Analysis

Summit Missions is a registered charity in United States, based in Green, OH. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Missions reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $1.6m (+194%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Summit Missions sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Helping Israel Fund Inc ($1.6m), Theology of Work Project Inc ($1.6m) and Camp Victory Christian Camp ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $55k (3.4% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.4m against liabilities of $83k, net assets of $1.3m. It reported 5 employees.