Summit of Fort Payne

Analysis

Summit of Fort Payne is a registered charity in United States, based in Rainsville, AL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, 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, Summit of Fort Payne reported income of $337k and spending of $411k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $337k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit of Fort Payne sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Clearhope Counseling Center ($337k), Survivors of Suicide Inc ($337k) and Wings Home ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $220k. At year end it held assets of $1.8m against liabilities of $18k, net assets of $1.8m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.