Summit Childrens Residence Center Inc

Analysis

Summit Childrens Residence Center Inc is a registered charity in United States, based in Upper Nyack, NY. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Summit Childrens Residence Center Inc reported income of $14.8m and spending of $13.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.0m to $14.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit Childrens Residence Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Fraunhofer USA Inc ($14.8m), Community Programs Inc ($14.8m) and Seven Acres Jewish Senior Care Services Inc ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $135k (1.0% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $11.6m against liabilities of $3.4m, net assets of $8.2m. It reported 185 employees.