One Summit Inc

Analysis

One Summit Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, One Summit Inc reported income of $650k and spending of $627k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $650k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, One Summit Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Pine-Eagle Health Planning Committee ($649k), Fallbrook Healthcare Foundation Inc ($650k) and The Amd3 Foundation ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $277k. At year end it held assets of $489k against liabilities of $11k, net assets of $477k. It reported 2 employees.