Summerfair Foundation Inc

Analysis

Summerfair Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1972, 54 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, Summerfair Foundation Inc reported income of $498k and spending of $486k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $435k to $498k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2021, when income rose by 205%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summerfair Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Robinson Theater Community Arts Center ($498k), Acton Community Access Television Inc ($498k) and I-Park Foundation Inc ($498k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). At year end it held assets of $940k against liabilities of $3,797, net assets of $937k. It reported 1 employees.