Edgewood Summit Inc

Analysis

Edgewood Summit Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 1991, 35 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 June 2023, Edgewood Summit Inc reported income of $13.1m and spending of $13.9m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.4m to $13.1m (+5.8%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edgewood Summit Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include Feeding Louisiana ($13.1m), Mennonite Friendship Communities Inc ($13.2m) and Arizona Baptist Childrens Services ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $39.5m against liabilities of $36.3m, net assets of $3.2m. It reported 267 employees.