Boss Summit

Analysis

Boss Summit is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2021, 5 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 2022, Boss Summit reported income of $89k and spending of $89k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $116k to $89k (-23%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boss Summit sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Lynchburg Life Saving & First Aid Crew Inc ($89k), Friends of the Polk County Public Library ($89k) and Little League Baseball Inc ($89k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $321 against liabilities of $321, net assets of $0.