Summit Future Foundation

Analysis

Summit Future Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, Summit Future Foundation reported income of $943k and spending of $899k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $943k (+2301%), an average of +121% a year. The sharpest change came in the year to December 2020, when income rose by 241%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Future Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Shiloh Bible Camp Inc ($943k), Teaching Humane Existence Treatment Program Inc ($943k) and Broken Chains International Inc ($942k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $92k (10% of expenses). Other salaries and wages came to $424k. At year end it held assets of $321k against liabilities of $128k, net assets of $193k. It reported 25 employees.