Summit Animal Rescue Association Inc

Analysis

Summit Animal Rescue Association Inc is a registered charity in United States, based in Berkeley HTS, NJ. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Animal Rescue Association Inc reported income of $232k and spending of $203k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $232k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 109% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Summit Animal Rescue Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Special Bunny ($232k), Second Chance Cocker Rescue Inc ($232k) and Buddy & Friends Animal Rescue ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 39% of the total. At year end it held assets of $177k against liabilities of $4,526, net assets of $173k.