Summitstone Health Partners

Analysis

Summitstone Health Partners is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in December 1999, 27 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 June 2023, Summitstone Health Partners reported income of $57.1m and spending of $56.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $57.1m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summitstone Health Partners 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 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Comprehensive Community Health Centers Inc ($57.1m), Columbiacare Services Inc ($57.2m) and Hennepin Healthcare Research Institute ($57.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $722k (1.3% of expenses). Other salaries and wages came to $35.2m. At year end it held assets of $43.8m against liabilities of $22.0m, net assets of $21.7m. It reported 826 employees.