Summer Place

Analysis

Summer Place is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in June 1974, 52 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 December 2023, Summer Place reported income of $74k and spending of $83k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $74k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summer Place sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Newtown High School Band Parents Corp ($74k), Musical Pathways Foundation Inc ($74k) and Cambrian Symphony ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.