Summit Support Services of Ashe Inc

Analysis

Summit Support Services of Ashe Inc is a registered charity in United States, based in Jefferson, NC. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, Summit Support Services of Ashe Inc reported income of $2.3m and spending of $2.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.3m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit Support Services of Ashe Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Maple Valley Food Bank and Emergency Services ($2.3m), Cothoa Luncheon Club Inc ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.8m against liabilities of $190k, net assets of $1.6m. It reported 46 employees.