Summit Hill Community Development Corporation

Analysis

Summit Hill Community Development Corporation is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in April 2019, 7 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, Summit Hill Community Development Corporation reported income of $1.0m and spending of $383k, leaving 63% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 267%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Summit Hill Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Family Promise of Western New York ($1.0m), K&l Housing Developement Fund Company Inc ($1.0m) and LCH Benefit TR ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $1.0m against liabilities of $164k, net assets of $847k.