Summit Independent Living Center

Analysis

Summit Independent Living Center is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 September 2023, Summit Independent Living Center reported income of $6.6m and spending of $6.1m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $6.6m (+14%), an average of +3.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Independent Living Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within MT. Charities of a similar size with the same main cause include Newport Restoration Foundation ($6.6m), Apostolic Christian Home of Roanoke Illinois Inc ($6.6m) and Peoria Christian School Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $84k (1.4% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $4.7m against liabilities of $742k, net assets of $4.0m. It reported 428 employees.