Summerfield Recreation Association Inc

Analysis

Summerfield Recreation Association Inc is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Summerfield Recreation Association Inc reported income of $383k and spending of $402k, spending 105% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $259k to $383k (+48%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summerfield Recreation Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include The Timothy Foundation ($383k), Marshall Amateur Hockey Association ($383k) and Southwest Family Life Centers Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.