Quick charity verification for Summit Downtown Inc (EIN: 222852638)
Verdict: Summit Downtown Inc appears trustworthy
75/100Mission Score
$500KRevenue
$433KAssets
0Red Flags
3Strengths
No red flags identified.
Strengths
Consistently high program spending, averaging 88% of expenses over the last five years, directly supports their mission.
Healthy asset growth from $224,196 in 2019 to $407,376 in 2023, indicating strong financial management.
Stable revenue streams, with a notable spike in 2020 likely due to pandemic-related support, demonstrating adaptability.
AI Transparency Report
Summit Downtown Inc is a community improvement nonprofit based in Summit, New Jersey, with reported revenue of $500K and assets of $433K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 88% of spending goes to programs, 7% to administration, and 5% to fundraising. Executive compensation appears reasonable given the organization's size and mission, with no excessive salaries reported in recent filings. Revenue has grown +81% across 13 filing periods.