Summerside Woods Inc

Analysis

Summerside Woods Inc is a registered charity in United States, based in Batavia, OH. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summerside Woods Inc reported income of $273k and spending of $395k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $273k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Summerside Woods Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Recovery House 12 Steps Inc ($273k), Waterloo Housing Trust Fund ($273k) and Clarence J Nell Apartments Housing Development Fund Corporation ($273k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $3.8m against liabilities of $58k, net assets of $3.7m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.