Junior League of Summit Inc

Analysis

Junior League of Summit Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Junior League of Summit Inc reported income of $380k and spending of $313k, spending 82% of its income. Across the 6 years on record, from May 2019 to June 2023, income fell from $429k to $380k (-11%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income rose by 495%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Summit Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Goodwill Ky Support Corporation ($380k), Ingleside on the Bay Coastal Watch Association ($381k) and Texas Family Project Foundation ($380k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. Other salaries and wages came to $117k. At year end it held assets of $1.2m against liabilities of $31k, net assets of $1.2m. It reported 10 employees.