Summerplace Residences of Frederick Inc

Analysis

Summerplace Residences of Frederick Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 September 2023, Summerplace Residences of Frederick Inc reported income of $144k and spending of $115k, spending 80% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $139k to $144k (+3.6%), an average of +3.6% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summerplace Residences of Frederick Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include The Bonner Gospel Mission Inc ($144k), Harvest Preparation International Ministries Inc ($144k) and Christian Ministries International ($144k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $235k against liabilities of $140k, net assets of $95k.