Summit Community Center

Analysis

Summit Community Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Center reported income of $2.0m and spending of $1.2m, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $714k to $2.0m (+177%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit Community Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Mid-City Concerns Inc ($2.0m), Longwood Research Institute Inc ($2.0m) and Child Care Center of the Common Ground Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $139k (12% of expenses). Other salaries and wages came to $505k. It paid $840 in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $19k, net assets of $2.2m. It reported 38 employees.