Summit-Hill Association

Analysis

Summit-Hill Association is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Summit-Hill Association reported income of $145k and spending of $142k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $63k to $145k (+130%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Summit-Hill Association 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 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include West Side New Beginnings Inc ($145k), F O C U S Greater Syracuse Inc ($145k) and Salem Economic Development Corporation ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 4.0% of the total. At year end it held assets of $70k against liabilities of $2,864, net assets of $67k.