Summit Water & Supply Co
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Summit Water & Supply Co is a 501(c)(12) organization based in Tacoma, Washington, registered in 1936, with $4,769,465 in FY2024 revenue. CharityIndex grades it B.
9701 50th Ave E, Tacoma, WA, 98446 EIN 91-0430730 Since 1936
Revenue (FY2024)
$4.8M
▲ 8.5% vs prior year
Expenses (FY2024)
$4.2M
Net assets
$24.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Summit Water & Supply Co— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating70 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Summit Water & Supply Co: 70 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Summit Water & Supply Co— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Summit Water & Supply Co: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 9701 50th Ave E, Tacoma, WA, 98446
- City
- Tacoma
- State
- Washington
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $3.1M (FY2013) to $4.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $993KNet assets $24.2M
Operating margin
12.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$25.2M
Total liabilities
$993K
Net assets
$24.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,769,465▲8.5% | $4,173,160▲0.4% | $24,240,140▲2.5% | $25,233,532▲2.6% | 990 |
| 2023 | $4,397,339▲6.5% | $4,158,553▲4.9% | $23,647,303▲0.7% | $24,598,728▼0.5% | 990 |
| 2022 | $4,128,747▲1.5% | $3,963,038▲5.5% | $23,474,250▲2.1% | $24,710,539▲1.7% | 990 |
| 2021 | $4,066,163▲10.1% | $3,755,098▲3.1% | $22,987,987▲1.6% | $24,289,731▼3.6% | 990 |
| 2020 | $3,692,330▼0.5% | $3,642,496▲12.3% | $22,630,991▲0.5% | $25,189,413▼0.1% | 990 |
| 2019 | $3,710,657▼1.5% | $3,244,312▲3.7% | $22,511,583▲3.3% | $25,226,562▲2.1% | 990 |
| 2018 | $3,768,248▲13.5% | $3,129,980▲8.3% | $21,782,082▲5.1% | $24,712,449▲3.9% | 990 |
| 2017 | $3,319,936▲1.5% | $2,890,982▼5.1% | $20,724,905▲3.0% | $23,791,124▲2.3% | 990 |
| 2016 | $3,271,729▼1.4% | $3,045,921▲2.5% | $20,124,097▲1.3% | $23,257,973▼0.9% | 990 |
| 2015 | $3,318,942▲5.5% | $2,971,826▲2.8% | $19,867,407▲3.6% | $23,468,473▲2.6% | 990 |
| 2014 | $3,146,840▲2.8% | $2,891,705▲5.7% | $19,178,021▲2.3% | $22,874,272▲1.3% | 990 |
| 2013 | $3,061,100 | $2,736,786▲1.1% | $18,751,633▲2.6% | $22,572,337▲1.6% | 990 |
| 2012 | — | $2,708,192▲7.1% | $18,283,458▲1.9% | $22,208,818▲1.2% | 990 |
| 2011 | — | $2,527,657▲1.9% | $17,943,003▲1.9% | $21,936,982▲1.2% | 990 |
| 2010 | — | $2,480,283 | $17,612,153 | $21,666,319 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Summit Water & Supply Co a legitimate nonprofit?
- Yes. Summit Water & Supply Co is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 91-0430730, based in Tacoma, Washington.
- What is Summit Water & Supply Co's EIN?
- Summit Water & Supply Co's Employer Identification Number (EIN) is 91-0430730.
- How much revenue does Summit Water & Supply Co report?
- Summit Water & Supply Co reported $4,769,465 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Summit Water & Supply Co have?
- CharityIndex grades Summit Water & Supply Co B, based on financial health (reserves and operating margin).
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Explore more
Data for Summit Water & Supply Co (EIN 91-0430730) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.