990 Scout/ Summit Initiative/ Financials

Financial Information for Summit Initiative

Summit Initiative's annual revenue was $329K in tax year 2024, reported on their IRS Form 990. They spent $327K in total expenses. 89% went to programs and services.

Financial Breakdown

What is Summit Initiative's total annual expenses?

Summit Initiative spent $327K in tax year 2024, according to their IRS Form 990 filing.

How much of Summit Initiative's budget goes to programs?

Summit Initiative spent $290K (89% of expenses) on programs and services in tax year 2024.

How much does Summit Initiative spend on overhead?

Summit Initiative's overhead in tax year 2024 includes administrative (9%) and fundraising (2%) of their expenses.

What is Summit Initiative's net worth?

Summit Initiative had net assets of $47K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.