Summertrios Incorporated

Analysis

Summertrios Incorporated is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Summertrios Incorporated reported income of $194k and spending of $225k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $236k to $194k (-18%), an average of -4.7% a year. The sharpest change came in the year to September 2021, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summertrios Incorporated sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within GA. Charities of a similar size with the same main cause include Pegasus Contemporary Ballet ($194k), Heritage Stage Inc ($194k) and Roxy Ann Gem & Mineral Inc ($194k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $27k (12% of expenses). Other salaries and wages came to $89k. At year end it held assets of $64k against liabilities of $1,350, net assets of $62k. It reported 32 employees.