Summit Project
EIN: 464086859 · Portland, ME · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $132K |
| Net Assets | $72K |
Is Summit Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Summit Project
Summit Project (EIN: 464086859) is a nonprofit organization based in Portland, ME, classified under NTEE code A80. The organization reported total revenue of $156K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Project is a small nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $132K |
| Surplus / Deficit | $-33,644 |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | -34.0% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, Summit Project reported a deficit of $34K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2014–2023), Summit Project's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +74.6% | -31.7% |
| 2022 | +47.8% | +138.1% | +152.3% |
| 2015 | -5.4% | -20.1% | +123.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Summit Project 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 Summit Project 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 $34K, with expenses exceeding revenue.
Frequently Asked Questions about Summit Project
Is Summit Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Project (EIN: 464086859) insufficient data. 0 red flags identified, 0 strengths noted.
How does Summit Project spend its money?
Detailed spending breakdown data is not yet available for Summit Project. Check back for updated IRS 990 analysis.
Are donations to Summit Project tax-deductible?
Summit Project is registered as a tax-exempt nonprofit (EIN: 464086859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Summit Project located?
Summit Project is headquartered in Portland, Maine and files with the IRS under EIN 464086859. It is classified under NTEE code A80.
How many years of IRS 990 filings does Summit Project have?
Summit Project has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $156K in total revenue.
Filing History
IRS 990 filing history for Summit Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2014–2023), Summit Project's revenue has grown by 68.9%, moving from $59K to $99K. Total assets increased by 285.4% over the same period, from $19K to $72K. Total functional expenses rose by 232.1%, from $40K to $132K. In its most recent filing year (2023), Summit Project reported a deficit of $34K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $132K | $72K | $0 | — | View 990 |
| 2022 | $82K | $76K | $106K | $0 | — | View 990 |
| 2015 | $55K | $32K | $42K | $0 | — | View 990 |
| 2014 | $59K | $40K | $19K | $193 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $132K, and assets of $72K (revenue +20.9% year-over-year).
- 2022: Revenue of $82K, expenses of $76K, and assets of $106K (revenue +47.8% year-over-year).
- 2015: Revenue of $55K, expenses of $32K, and assets of $42K (revenue -5.4% year-over-year).
- 2014: Revenue of $59K, expenses of $40K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Project:
Data Sources and Methodology
This transparency report for Summit Project 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.