Summit Rugby

Analysis

Summit Rugby is a registered charity in United States, based in Breckenridge, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Summit Rugby reported income of $89k and spending of $63k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $89k (+9.4%), an average of +9.4% a year. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Summit Rugby sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Long Beach Aquatics Association ($89k), Riptide Parents Swim Team Association ($89k) and Girls S E Cincinnati Soccer Association Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 9.3% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.