Summit Pacific Medical Foundation

Analysis

Summit Pacific Medical Foundation is a registered charity in United States, based in Elma, WA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Pacific Medical Foundation reported income of $406k and spending of $147k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $406k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Pacific Medical Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include 716 Squash Inc ($406k), Chicago Dream Center ($406k) and Amh Medical Staff Service Fund ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.