Summit Healing Inc

Analysis

Summit Healing Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in December 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Healing Inc reported income of $785k and spending of $816k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $385k to $785k (+104%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit Healing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Midwest Health Initiative ($785k), BLKHLTH Inc ($785k) and Behavioral Diabetes Institute ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $97k (12% of expenses). Other salaries and wages came to $131k. At year end it held assets of $73k against liabilities of $93k, net assets of -$21k. It reported 7 employees.