Permian Summit Foundation

Analysis

Permian Summit Foundation is a registered charity in United States, based in Castle Pines, CO. It received its IRS tax-exemption ruling in May 2022, 4 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, Permian Summit Foundation reported income of $260k and spending of $228k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $260k (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Permian Summit Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Neighbours International Inc ($260k), Holy Cross Conference ($260k) and Bridging Relationships in Diverse Groups with Exceptional Service ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $249k against liabilities of $215k, net assets of $34k.