620 Summit Inc

Analysis

620 Summit Inc is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in August 2012, 14 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, 620 Summit Inc reported income of $63k and spending of $97k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $63k (+1.9%), an average of +0.5% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 620 Summit Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Carson Place Inc ($63k), Madison County Affordable Housing Corporation NFP ($63k) and Sepp Construction Co Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$301k.

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.