Summit Adaptive Sports Inc

Analysis

Summit Adaptive Sports Inc is a registered charity in United States, based in New Hartford, CT. It received its IRS tax-exemption ruling in September 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 June 2024, Summit Adaptive Sports Inc reported income of $199k and spending of $105k, leaving 47% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $118k to $199k (+69%), an average of +69% a year. The sharpest change came in the year to June 2024, when income rose by 69%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit Adaptive Sports Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Brownfield Senior Citizens Incorporated ($199k), Hope for the Hopeless ($199k) and Oregon Women for Agriculture ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $30k (29% of expenses). It paid $1,500 in professional fundraising fees. At year end it held assets of $224k against liabilities of $2,096, net assets of $222k. It reported 2 employees.