Low liabilities across all filing periods, demonstrating strong financial management.
Positive asset growth over the past decade, from $107,252 in 2014 to $177,382 in 2023.
Consistent operational surpluses in many years (e.g., 2023 revenue $232,061 vs expenses $203,003).
Stable financial operations over a long period (13 filings).
Spending Breakdown
How Summit Animal Rescue Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Summit Animal Rescue Association Inc
Is Summit Animal Rescue Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Animal Rescue Association Inc (EIN: 10588037) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Summit Animal Rescue Association Inc a good charity to donate to?
Summit Animal Rescue Association Inc has a Mission Score of 92/100. Revenue: $324K. Assets: $336K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Summit Animal Rescue Association Inc?
The Employer Identification Number (EIN) for Summit Animal Rescue Association Inc is 10588037. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Summit Animal Rescue Association Inc spend its money?
Summit Animal Rescue Association Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Summit Animal Rescue Association Inc's tax-exempt status?
You can verify Summit Animal Rescue Association Inc's tax-exempt status using EIN 10588037 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Summit Animal Rescue Association Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing period (202312), the organization reported revenues of $232,061 against expenses of $203,003, indicating a surplus that contributes to its asset growth. Over the past several years, the organization has maintained a healthy financial position, with assets growing to $177,382 in 2023 from $107,252 in 2014, while keeping liabilities very low. This suggests prudent financial management and a focus on building reserves.
The organization's transparency is strong, particularly given its consistent reporting of 0% officer compensation across all available filings. This indicates that the leadership is likely volunteer-based or receives no salary, which is a positive sign for donor confidence. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall financial health and lack of executive compensation suggest a high degree of efficiency in resource allocation.
Overall, Summit Animal Rescue Association Inc appears to be a financially stable and well-managed nonprofit. Its consistent revenue generation, controlled expenses, minimal liabilities, and lack of paid executive compensation point to a strong operational model focused on its animal rescue mission. The organization's ability to maintain a positive financial trajectory over a decade, despite fluctuations in annual revenue, underscores its resilience and effective stewardship of funds.