Family Summit Foundation

Analysis

Family Summit Foundation is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in August 1993, 33 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, Family Summit Foundation reported income of $96k and spending of $124k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $96k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 143% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Summit Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within UT. Charities of a similar size with the same main cause include Colbys Stars Foundation Inc ($96k), Associated Residential Centers Inc ($96k) and Red Wagon ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (44% of expenses). Other salaries and wages came to $19k. At year end it held assets of $828 against liabilities of $163k, net assets of -$163k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.