Summit Healthcare Association

Analysis

Summit Healthcare Association is a registered charity in United States, based in Show Low, AZ. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Healthcare Association reported income of $290.9m and spending of $284.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206.0m to $290.9m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit Healthcare Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Sturdy Memorial Hospital ($290.2m), Baylor Medical Center at Waxahachie ($291.1m) and Legacy Meridian Park Hospital ($290.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $7.1m (2.5% of expenses). Other salaries and wages came to $86.7m. At year end it held assets of $276.5m against liabilities of $114.3m, net assets of $162.2m. It reported 1,524 employees.