Summit Springs Village Corporation

Analysis

Summit Springs Village Corporation is a registered charity in United States, based in Condon, OR. It received its IRS tax-exemption ruling in April 1992, 34 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, Summit Springs Village Corporation reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $984k to $1.5m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Summit Springs Village Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Archbishop McCarthy Residence Inc ($1.5m), Homes for Independence Inc ($1.5m) and Beverlyfarm Living Options ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $80k (5.3% of expenses). Other salaries and wages came to $756k. At year end it held assets of $2.3m against liabilities of $217k, net assets of $2.1m. It reported 38 employees.