Summit Childrens Residence Center Inc
Summit Childrens Residence Center Inc consistently operates with a surplus and growing assets, reporting no officer compensation.
EIN: 132792101 · Upper Nyack, NY · NTEE: F330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.0M |
| Total Expenses | $13.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14.8 |
| Net Assets | $8.2M |
| Transparency Score | 85/100 |
Is Summit Childrens Residence Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Childrens Residence Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Childrens Residence Center Inc
Summit Childrens Residence Center Inc (EIN: 132792101) is a nonprofit organization based in Upper Nyack, NY, classified under NTEE code F330. The organization reported total revenue of $15.0M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Childrens Residence Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Childrens Residence Center Inc is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $13.9M |
| Surplus / Deficit | +$961K |
| Total Assets | $11.6M |
| Total Liabilities | $3.4M |
| Net Assets | $8.2M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Summit Childrens Residence Center Inc reported a surplus of $961K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Summit Childrens Residence Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +14.2% | +14.0% |
| 2022 | +11.4% | +12.1% | -6.4% |
| 2021 | -19.5% | -19.8% | +17.7% |
| 2020 | +14.4% | +12.6% | +70.5% |
| 2019 | +2.6% | +4.3% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Childrens Residence Center Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Summit Childrens Residence Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $961K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported in a different section of the 990, requiring further scrutiny to fully assess executive pay relative to the organization's $14.8 million revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Summit Childrens Residence Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported may indicate incomplete disclosure or a unique compensation structure that warrants further investigation.
Strengths
The following positive indicators were identified for Summit Childrens Residence Center Inc:
- Consistent operating surpluses, with revenue exceeding expenses in most years.
- Significant growth in assets over the past decade, indicating financial stability.
- Healthy financial position with manageable liabilities relative to assets.
- Strong revenue generation, reaching nearly $15 million in the latest period.
Frequently Asked Questions about Summit Childrens Residence Center Inc
Is Summit Childrens Residence Center Inc a legitimate charity?
Summit Childrens Residence Center Inc (EIN: 132792101) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Summit Childrens Residence Center Inc spend its money?
Summit Childrens Residence Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Summit Childrens Residence Center Inc tax-deductible?
Summit Childrens Residence Center Inc is registered as a tax-exempt nonprofit (EIN: 132792101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Summit Childrens Residence Center Inc CEO make?
Summit Childrens Residence Center Inc's highest-compensated officer earns $14.8 annually. The organization reported $15.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Summit Childrens Residence Center Inc's spending goes to programs?
Summit Childrens Residence Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summit Childrens Residence Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Summit Childrens Residence Center Inc is above average for NTEE category F330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit Childrens Residence Center Inc located?
Summit Childrens Residence Center Inc is headquartered in Upper Nyack, New York and files with the IRS under EIN 132792101. It is classified under NTEE code F330.
How many years of IRS 990 filings does Summit Childrens Residence Center Inc have?
Summit Childrens Residence 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 $15.0M in total revenue.
Is Summit Childrens Residence Center Inc a good charity?
Based on the available financial data, Summit Childrens Residence Center Inc appears to be a financially sound organization with consistent revenue growth, healthy operating surpluses, and increasing assets. The reported 0% officer compensation is a notable point for further investigation, but overall financial indicators are positive.
What is the trend in the organization's revenue and expenses?
The organization's revenue has generally increased over the past decade, from $11,383,963 in 2014 to $14,830,872 in 2023. Expenses have also risen but typically remain below revenue, indicating consistent operational surpluses.
How has the organization's asset base changed over time?
Summit Childrens Residence Center Inc has significantly grown its asset base, from $4,996,793 in 2014 to $11,624,681 in 2023, demonstrating strong financial accumulation and stability.
What is the organization's liability situation?
Liabilities have fluctuated but remained manageable relative to assets. In 2023, liabilities were $3,417,343 against assets of $11,624,681, indicating a healthy financial position.
Filing History
IRS 990 filing history for Summit Childrens Residence Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summit Childrens Residence Center Inc's revenue has grown by 41.9%, moving from $10.5M to $14.8M. Total assets increased by 129.8% over the same period, from $5.1M to $11.6M. Total functional expenses rose by 35.8%, from $10.2M to $13.9M. In its most recent filing year (2023), Summit Childrens Residence Center Inc reported a surplus of $961K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $11.6M in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $13.9M | $11.6M | $3.4M | — | — |
| 2022 | $13.3M | $12.1M | $10.2M | $3.0M | — | View 990 |
| 2021 | $12.0M | $10.8M | $10.9M | $4.8M | — | View 990 |
| 2020 | $14.9M | $13.5M | $9.3M | $4.3M | — | View 990 |
| 2019 | $13.0M | $12.0M | $5.4M | $1.9M | — | View 990 |
| 2018 | $12.7M | $11.5M | $4.6M | $2.0M | — | View 990 |
| 2017 | $12.8M | $12.1M | $3.6M | $2.2M | — | View 990 |
| 2016 | $12.0M | $12.0M | $3.6M | $2.9M | — | View 990 |
| 2015 | $12.2M | $12.1M | $4.6M | $4.0M | — | View 990 |
| 2014 | $11.4M | $11.5M | $5.0M | $4.4M | — | View 990 |
| 2013 | $11.2M | $11.0M | $5.2M | $4.5M | — | View 990 |
| 2012 | $10.7M | $10.9M | $5.3M | $4.8M | — | View 990 |
| 2011 | $10.5M | $10.2M | $5.1M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $13.9M, and assets of $11.6M (revenue +11.2% year-over-year).
- 2022: Revenue of $13.3M, expenses of $12.1M, and assets of $10.2M (revenue +11.4% year-over-year).
- 2021: Revenue of $12.0M, expenses of $10.8M, and assets of $10.9M (revenue -19.5% year-over-year).
- 2020: Revenue of $14.9M, expenses of $13.5M, and assets of $9.3M (revenue +14.4% year-over-year).
- 2019: Revenue of $13.0M, expenses of $12.0M, and assets of $5.4M (revenue +2.6% year-over-year).
- 2018: Revenue of $12.7M, expenses of $11.5M, and assets of $4.6M (revenue -1.1% year-over-year).
- 2017: Revenue of $12.8M, expenses of $12.1M, and assets of $3.6M (revenue +6.7% year-over-year).
- 2016: Revenue of $12.0M, expenses of $12.0M, and assets of $3.6M (revenue -1.2% year-over-year).
- 2015: Revenue of $12.2M, expenses of $12.1M, and assets of $4.6M (revenue +6.8% year-over-year).
- 2014: Revenue of $11.4M, expenses of $11.5M, and assets of $5.0M (revenue +2.1% year-over-year).
- 2013: Revenue of $11.2M, expenses of $11.0M, and assets of $5.2M (revenue +4.6% year-over-year).
- 2012: Revenue of $10.7M, expenses of $10.9M, and assets of $5.3M (revenue +2.0% year-over-year).
- 2011: Revenue of $10.5M, expenses of $10.2M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Childrens Residence Center Inc:
Data Sources and Methodology
This transparency report for Summit Childrens Residence 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.