Summit Charity Foundation

Analysis

Summit Charity Foundation is a registered charity in United States, based in Alpine, UT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Charity Foundation reported income of $84k and spending of $75k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $84k (+6.1%), an average of +6.1% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit Charity Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within UT. Charities of a similar size with the same main cause include Greater Fall River Community Food Pantry Inc ($84k), Clarence Community Pantry Inc ($84k) and Helpers Fund ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.