Summit Historical Society

Analysis

Summit Historical Society is a registered charity in United States, based in Dillon, CO. It received its IRS tax-exemption ruling in November 1970, 56 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 Historical Society reported income of $201k and spending of $168k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $389k to $201k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Historical Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Community Preschool of Whitefish Bay Inc ($201k), Pop Warner Little Scholars Inc ($201k) and House of God Miracles Revival Fellowship Incorporated ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $37k (22% of expenses). Other salaries and wages came to $39k. At year end it held assets of $677k against liabilities of $957, net assets of $676k. It reported 3 employees.