Supporters of Summit Inc

Analysis

Supporters of Summit Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Supporters of Summit Inc reported income of $83k and spending of $67k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $96k to $83k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Supporters of Summit Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within CO. Charities of a similar size with the same main cause include Cedar Grove-Belgium Education Foundation Inc ($83k), Cyclone Touchdown Club ($83k) and Twin Oaks Elementary P T O ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $450k against liabilities of $0, net assets of $450k.