Is Summit Leadership Foundation Legit?

Quick charity verification for Summit Leadership Foundation (EIN: 201336099)

Verdict: Summit Leadership Foundation appears trustworthy

85/100Mission Score

$1.3MRevenue

$4.4MAssets

3Red Flags

4Strengths

Red Flags

Significant revenue decrease from $2,251,331 in 2022 to $1,054,970 in 2023.
Expenses ($1,362,646) exceeded revenue ($1,054,970) in 2023, resulting in a deficit.
Liabilities have increased substantially, reaching $2,255,453 in 2023, which is nearly half of its total assets.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship regarding executive pay.
Strong and consistent growth in assets over the past decade, reaching $4,647,562 in 2023.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
Maintained positive net assets despite fluctuations in annual revenue and expenses.

Spending Breakdown

How Summit Leadership Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Summit Leadership Foundation

Is Summit Leadership Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Summit Leadership Foundation (EIN: 201336099) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Summit Leadership Foundation a good charity to donate to?

Summit Leadership Foundation has a Mission Score of 85/100. Revenue: $1.3M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Summit Leadership Foundation?

The Employer Identification Number (EIN) for Summit Leadership Foundation is 201336099. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Summit Leadership Foundation spend its money?

Summit Leadership Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Summit Leadership Foundation's tax-exempt status?

You can verify Summit Leadership Foundation's tax-exempt status using EIN 201336099 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Summit Leadership Foundation demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $4,647,562 in 2023. While revenue has fluctuated, notably a significant drop from $2,251,331 in 2022 to $1,054,970 in 2023, the organization has managed its expenses, though 2023 saw expenses ($1,362,646) exceed revenue. A key strength is the consistent reporting of 0% officer compensation across all available filings, indicating strong transparency regarding executive pay and a commitment to directing funds towards the mission rather than high salaries. The organization's liabilities have increased significantly in recent years, reaching $2,255,453 in 2023, which warrants monitoring relative to its asset growth.

The foundation's spending efficiency appears reasonable, especially given the absence of reported officer compensation. The consistent growth in assets suggests effective long-term financial management, despite year-to-year variations in revenue and expenses. The significant increase in liabilities in 2023, however, could indicate new investments or operational changes that need to be managed carefully to maintain financial health. Overall, the organization exhibits good transparency in its executive compensation practices and a solid asset base, but recent financial trends, particularly the 2023 deficit and rising liabilities, suggest a need for careful oversight.

Given the available data, Summit Leadership Foundation appears to be a transparent organization, particularly concerning executive compensation. Its financial health is generally sound, supported by growing assets, but the recent dip in revenue and increase in liabilities in 2023 are areas to watch. The consistent filing of IRS 990s over many years also contributes to its transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.