Summit Planting Initiative

Analysis

Summit Planting Initiative is a registered charity in United States, based in East Peoria, IL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Summit Planting Initiative reported income of $311k and spending of $310k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $280k to $311k (+11%), an average of +11% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Summit Planting Initiative sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Jesus Set Me Free Ministry Inc ($311k), SBC Outreach and Worship Ministries ($311k) and Revive Movement Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.