Summit Theatre Group Inc

Analysis

Summit Theatre Group Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Theatre Group Inc reported income of $245k and spending of $256k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $245k (+143%), an average of +143% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit Theatre Group Inc 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 58th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Sound Art ($245k), Jah Kente International Inc ($245k) and Centro Primo Levi ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $16k (6.3% of expenses). At year end it held assets of $96k against liabilities of $0, net assets of $96k.