Summit Performing Arts Resource Committee Inc

Analysis

Summit Performing Arts Resource Committee Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in September 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Summit Performing Arts Resource Committee Inc reported income of $54k and spending of $59k, spending 110% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $56k to $54k (-3.1%), an average of -3.1% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit Performing Arts Resource Committee Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Central Indiana Track Show Association Inc ($54k), Colorado Chamber Players Incorporated ($54k) and Smoky Mountain Quilters of Tennessee Inc ($54k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.