Summit Center Inc
Summit Center Inc consistently directs nearly all expenses to programs with no reported officer compensation.
EIN: 161095750 · Getzville, NY · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.1M |
| Total Expenses | $31.6M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $36,052,108 |
| Net Assets | $7.4M |
| Transparency Score | 92/100 |
Is Summit Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Center Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Center Inc
Summit Center Inc (EIN: 161095750) is a nonprofit organization based in Getzville, NY, classified under NTEE code B28Z. The organization reported total revenue of $36.1M and total assets of $30.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Center Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.8M |
| Total Expenses | $31.6M |
| Surplus / Deficit | +$191K |
| Total Assets | $20.7M |
| Total Liabilities | $13.3M |
| Net Assets | $7.4M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 64.1% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Summit Center Inc reported a surplus of $191K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 64.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Summit Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.4% | +16.7% | -1.2% |
| 2022 | +7.6% | +5.1% | +12.0% |
| 2021 | -0.7% | -0.5% | -5.6% |
| 2020 | -5.5% | -6.0% | +28.8% |
| 2019 | +4.3% | +5.7% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Center 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Summit Center Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $191K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptionally low for an organization of this size (latest revenue $36,052,108) and indicates a strong commitment to directing funds to program services.
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 Center Inc:
- Consistent 0% officer compensation reported across all filings, indicating exceptional financial discipline.
- High percentage of expenses consistently allocated to program services, demonstrating strong mission focus.
- Steady growth in revenue and assets over the past decade, reflecting financial stability and expansion.
- Expenses closely align with revenue, suggesting efficient financial management and minimal surplus accumulation beyond operational needs (e.g., 202306 revenue $31,768,232 vs. expenses $31,577,551).
Frequently Asked Questions about Summit Center Inc
Is Summit Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Center Inc (EIN: 161095750) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Summit Center Inc spend its money?
Summit Center Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summit Center Inc tax-deductible?
Summit Center Inc is registered as a tax-exempt nonprofit (EIN: 161095750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Summit Center Inc CEO make?
Summit Center Inc's highest-compensated officer earns $36,052,108 annually. The organization reported $36.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Summit Center Inc's spending goes to programs?
Summit Center Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summit Center Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Summit Center Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit Center Inc located?
Summit Center Inc is headquartered in Getzville, New York and files with the IRS under EIN 161095750. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Summit Center Inc have?
Summit Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36.1M in total revenue.
Is Summit Center Inc a good charity?
Based on the provided IRS 990 data, Summit Center Inc appears to be a very good charity. It consistently allocates a very high percentage of its expenses to program services and reports 0% officer compensation, indicating strong financial efficiency and a clear focus on its mission.
How has Summit Center Inc's financial health changed over time?
Summit Center Inc has shown consistent growth in both revenue and assets over the past decade. For example, revenue grew from $22,999,037 in 201406 to $31,768,232 in 202306, and assets increased from $12,781,084 to $20,727,988 in the same period, indicating robust financial health and expansion.
What is Summit Center Inc's approach to executive compensation?
Summit Center Inc reports 0% officer compensation in all available filings, which is a highly unusual and positive indicator of its commitment to minimizing administrative overhead and maximizing resources for its programs.
Filing History
IRS 990 filing history for Summit Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summit Center Inc's revenue has grown by 51.1%, moving from $21.0M to $31.8M. Total assets increased by 55.2% over the same period, from $13.4M to $20.7M. Total functional expenses rose by 48.3%, from $21.3M to $31.6M. In its most recent filing year (2023), Summit Center Inc reported a surplus of $191K, with revenue exceeding expenses. The organization holds $13.3M in liabilities against $20.7M in assets (debt-to-asset ratio: 64.1%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.8M | $31.6M | $20.7M | $13.3M | — | View 990 |
| 2022 | $28.3M | $27.1M | $21.0M | $14.0M | — | View 990 |
| 2021 | $26.3M | $25.7M | $18.7M | $13.3M | — | View 990 |
| 2020 | $26.4M | $25.9M | $19.8M | $15.2M | — | View 990 |
| 2019 | $28.0M | $27.5M | $15.4M | $10.9M | — | View 990 |
| 2018 | $26.8M | $26.1M | $16.0M | $11.7M | — | View 990 |
| 2017 | $24.9M | $25.1M | $16.0M | $12.5M | — | View 990 |
| 2016 | $24.8M | $24.7M | $15.9M | $12.4M | — | View 990 |
| 2015 | $23.3M | $23.6M | $12.4M | $8.8M | — | View 990 |
| 2014 | $23.0M | $23.2M | $12.8M | $8.9M | — | View 990 |
| 2013 | $22.5M | $22.8M | $13.5M | $9.3M | — | View 990 |
| 2012 | $21.7M | $22.0M | $13.0M | $8.5M | — | View 990 |
| 2011 | $21.0M | $21.3M | $13.4M | $8.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.8M, expenses of $31.6M, and assets of $20.7M (revenue +12.4% year-over-year).
- 2022: Revenue of $28.3M, expenses of $27.1M, and assets of $21.0M (revenue +7.6% year-over-year).
- 2021: Revenue of $26.3M, expenses of $25.7M, and assets of $18.7M (revenue -0.7% year-over-year).
- 2020: Revenue of $26.4M, expenses of $25.9M, and assets of $19.8M (revenue -5.5% year-over-year).
- 2019: Revenue of $28.0M, expenses of $27.5M, and assets of $15.4M (revenue +4.3% year-over-year).
- 2018: Revenue of $26.8M, expenses of $26.1M, and assets of $16.0M (revenue +7.8% year-over-year).
- 2017: Revenue of $24.9M, expenses of $25.1M, and assets of $16.0M (revenue +0.4% year-over-year).
- 2016: Revenue of $24.8M, expenses of $24.7M, and assets of $15.9M (revenue +6.3% year-over-year).
- 2015: Revenue of $23.3M, expenses of $23.6M, and assets of $12.4M (revenue +1.4% year-over-year).
- 2014: Revenue of $23.0M, expenses of $23.2M, and assets of $12.8M (revenue +2.3% year-over-year).
- 2013: Revenue of $22.5M, expenses of $22.8M, and assets of $13.5M (revenue +3.8% year-over-year).
- 2012: Revenue of $21.7M, expenses of $22.0M, and assets of $13.0M (revenue +3.1% year-over-year).
- 2011: Revenue of $21.0M, expenses of $21.3M, and assets of $13.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Center Inc:
Data Sources and Methodology
This transparency report for Summit Center 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.