Summit Apartments Inc

Analysis

Summit Apartments Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Summit Apartments Inc reported income of $62k and spending of $115k, spending 186% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $61k to $62k (+1.1%), an average of +1.1% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Summit Apartments 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 24th percentile, and in the 21st percentile within MT. Charities of a similar size with the same main cause include Sutton Senior Housing Inc ($62k), Locust Thirteen Inc ($62k) and Hickory Haven Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $323k against liabilities of $445k, net assets of -$122k.