Family Summit Foundation
EIN: 870506755 · Ogden, UT · NTEE: P40Z
| Metric | Value |
|---|---|
| Total Revenue | $92K |
| Total Expenses | $124K |
| Net Assets | $-162,561 |
Is Family Summit Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Summit Foundation
Family Summit Foundation (EIN: 870506755) is a nonprofit organization based in Ogden, UT, classified under NTEE code P40Z. The organization reported total revenue of $92K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Summit Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Summit Foundation is a micro nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $124K |
| Surplus / Deficit | $-28,399 |
| Total Assets | $828 |
| Total Liabilities | $163K |
| Net Assets | $-162,561 |
| Operating Margin | -29.7% |
| Debt-to-Asset Ratio | 19733.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Family Summit Foundation reported a deficit of $28K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 19733.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Summit Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | -6.1% | +35.5% |
| 2022 | -13.9% | -5.6% | -90.4% |
| 2021 | -6.8% | +4.9% | -31.7% |
| 2020 | +68.3% | +15.5% | -51.3% |
| 2019 | +53.0% | -6.2% | -41.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Summit Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Summit Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19733.0%.
Frequently Asked Questions about Family Summit Foundation
Is Family Summit Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Summit Foundation (EIN: 870506755) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Summit Foundation spend its money?
Detailed spending breakdown data is not yet available for Family Summit Foundation. Check back for updated IRS 990 analysis.
Are donations to Family Summit Foundation tax-deductible?
Family Summit Foundation is registered as a tax-exempt nonprofit (EIN: 870506755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Summit Foundation located?
Family Summit Foundation is headquartered in Ogden, Utah and files with the IRS under EIN 870506755. It is classified under NTEE code P40Z.
How many years of IRS 990 filings does Family Summit Foundation have?
Family Summit Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $92K in total revenue.
Filing History
IRS 990 filing history for Family Summit Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Summit Foundation's revenue has grown by 64.3%, moving from $58K to $96K. Total assets decreased by 97.8% over the same period, from $38K to $828. Total functional expenses rose by 115.4%, from $58K to $124K. In its most recent filing year (2023), Family Summit Foundation reported a deficit of $28K, with expenses exceeding revenue. The organization holds $163K in liabilities against $828 in assets (debt-to-asset ratio: 19733.0%), resulting in net assets of $-162,561.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $124K | $828 | $163K | — | — |
| 2022 | $86K | $132K | $611 | $135K | — | View 990 |
| 2021 | $100K | $140K | $6K | $94K | — | — |
| 2020 | $107K | $133K | $9K | $57K | — | View 990 |
| 2019 | $64K | $116K | $19K | $41K | — | View 990 |
| 2018 | $42K | $123K | $33K | $2K | — | View 990 |
| 2017 | $154K | $109K | $114K | $2K | — | View 990 |
| 2016 | $123K | $109K | $69K | $2K | — | View 990 |
| 2015 | $131K | $106K | $55K | $2K | — | View 990 |
| 2014 | $134K | $106K | $30K | $2K | — | View 990 |
| 2013 | $115K | $103K | $2K | $3K | — | View 990 |
| 2012 | $31K | $68K | $0 | $12K | — | View 990 |
| 2011 | $58K | $58K | $38K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $124K, and assets of $828 (revenue +11.3% year-over-year).
- 2022: Revenue of $86K, expenses of $132K, and assets of $611 (revenue -13.9% year-over-year).
- 2021: Revenue of $100K, expenses of $140K, and assets of $6K (revenue -6.8% year-over-year).
- 2020: Revenue of $107K, expenses of $133K, and assets of $9K (revenue +68.3% year-over-year).
- 2019: Revenue of $64K, expenses of $116K, and assets of $19K (revenue +53.0% year-over-year).
- 2018: Revenue of $42K, expenses of $123K, and assets of $33K (revenue -73.0% year-over-year).
- 2017: Revenue of $154K, expenses of $109K, and assets of $114K (revenue +25.4% year-over-year).
- 2016: Revenue of $123K, expenses of $109K, and assets of $69K (revenue -6.1% year-over-year).
- 2015: Revenue of $131K, expenses of $106K, and assets of $55K (revenue -2.5% year-over-year).
- 2014: Revenue of $134K, expenses of $106K, and assets of $30K (revenue +17.1% year-over-year).
- 2013: Revenue of $115K, expenses of $103K, and assets of $2K (revenue +264.7% year-over-year).
- 2012: Revenue of $31K, expenses of $68K, and assets of $0 (revenue -45.9% year-over-year).
- 2011: Revenue of $58K, expenses of $58K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Summit Foundation:
Data Sources and Methodology
This transparency report for Family Summit Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.