Summit-University Planning Council

Analysis

Summit-University Planning Council is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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-University Planning Council reported income of $112k and spending of $92k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $194k to $112k (-42%), an average of -10% a year. The sharpest change came in the year to December 2019, when income dropped by 49%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Summit-University Planning Council sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Zee Computer Information Center ($112k), Latin American Business Organization Inc ($112k) and Ceai Equity Fund Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $8,373, net assets of $57k.