Summit Animal Rescue Association Inc

Summit Animal Rescue Association Inc consistently operates with volunteer leadership and maintains low liabilities.

EIN: 10588037 · Berkeley Hts, NJ · NTEE: D20 · Updated: 2026-03-26

$324KRevenue

$336KAssets

92/100Mission Score (Excellent)

D20

About Summit Animal Rescue Association Inc

Summit Animal Rescue Association Inc (EIN: 10588037) is a nonprofit organization based in Berkeley Hts, NJ, classified under NTEE code D20. The organization reported total revenue of $324K and total assets of $336K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Animal Rescue Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Summit Animal Rescue Association Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Summit Animal Rescue Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly commendable for a nonprofit of its size with latest revenue of $323,911.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Summit Animal Rescue Association Inc:

Consistent 0% officer compensation, indicating volunteer leadership.
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).

Frequently Asked Questions about Summit Animal Rescue Association Inc

Is Summit Animal Rescue Association Inc a good charity?

Based on the available financial data, Summit Animal Rescue Association Inc appears to be a very good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has shown consistent financial health over a decade, indicating efficient use of funds for its mission.

How has the organization's financial health changed over time?

The organization has shown consistent financial health, with assets growing from $107,252 in 2014 to $177,382 in 2023, while keeping liabilities very low. Revenue and expenses have fluctuated but generally show a stable operational pattern.

What is the organization's approach to executive compensation?

Summit Animal Rescue Association Inc reports 0% officer compensation in all available filings, suggesting that its leadership is entirely volunteer-based, which is a strong indicator of dedication to its mission and efficient use of donor funds.

Filing History

IRS 990 filing history for Summit Animal Rescue Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Summit Animal Rescue Association Inc's revenue has grown by 26.7%, moving from $183K to $232K. Total assets increased by 36% over the same period, from $130K to $177K. Total functional expenses rose by 44.3%, from $141K to $203K. In its most recent filing year (2023), Summit Animal Rescue Association Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $5K in liabilities against $177K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $173K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$232K	$203K	$177K	$5K	—	—
2022	$206K	$219K	$148K	$2K	—	View 990
2021	$203K	$235K	$159K	$243	—	View 990
2020	$161K	$176K	$193K	$3K	—	—
2019	$139K	$193K	$209K	$3K	—	View 990
2018	$187K	$155K	$265K	$6K	—	View 990
2017	$221K	$196K	$228K	$0	—	View 990
2016	$248K	$225K	$211K	$0	—	View 990
2015	$319K	$232K	$189K	$0	—	View 990
2014	$229K	$220K	$107K	$5K	—	View 990
2013	$137K	$176K	$98K	$4K	—	View 990
2012	$133K	$126K	$137K	$4K	—	View 990
2011	$183K	$141K	$130K	$5K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $232K, expenses of $203K, and assets of $177K (revenue +12.9% year-over-year).
2022: Revenue of $206K, expenses of $219K, and assets of $148K (revenue +1.1% year-over-year).
2021: Revenue of $203K, expenses of $235K, and assets of $159K (revenue +26.6% year-over-year).
2020: Revenue of $161K, expenses of $176K, and assets of $193K (revenue +15.3% year-over-year).
2019: Revenue of $139K, expenses of $193K, and assets of $209K (revenue -25.4% year-over-year).
2018: Revenue of $187K, expenses of $155K, and assets of $265K (revenue -15.6% year-over-year).
2017: Revenue of $221K, expenses of $196K, and assets of $228K (revenue -10.6% year-over-year).
2016: Revenue of $248K, expenses of $225K, and assets of $211K (revenue -22.3% year-over-year).
2015: Revenue of $319K, expenses of $232K, and assets of $189K (revenue +39.2% year-over-year).
2014: Revenue of $229K, expenses of $220K, and assets of $107K (revenue +67.0% year-over-year).
2013: Revenue of $137K, expenses of $176K, and assets of $98K (revenue +3.1% year-over-year).
2012: Revenue of $133K, expenses of $126K, and assets of $137K (revenue -27.4% year-over-year).
2011: Revenue of $183K, expenses of $141K, and assets of $130K.

Data Sources and Methodology

This transparency report for Summit Animal Rescue Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.