Summerdale Court Inc

Analysis

Summerdale Court Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Summerdale Court Inc reported income of $112k and spending of $150k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $112k (+3.4%), an average of +0.8% a year. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summerdale Court Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Good Journey Development Foundation ($112k), Renewed Blessings Inc ($112k) and Calcutta House ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Other salaries and wages came to $18k. At year end it held assets of $550k against liabilities of $565k, net assets of -$15k.

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.