Summit Downtown Inc

Community Development · Summit, New Jersey

18 Bank St, Summit, NJ 07901-3659

EIN: 222852638· Founded: Jan 1989· 37 years active· Filing Year: 2023

Annual Revenue

$519K

Total Expenses

$461K

Total Assets

$407K

Program Spending

97%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

Not reported

All officers, directors, and key employees combined

Other Salaries & Wages

$221K

Total Payroll

$221K

48% of total expenses

Where the Money Goes

97%

Programs: 97%

Payroll: 48%

Other overhead: 3%

Program Revenue$447K (86%)

Total Expenses$461K (89%)

Payroll$221K (48%)

Overhead (non-program)3%

Trust Score Breakdown

Program Spending Ratio

97% of expenses go to programs

40%

Revenue & Stability

$519K annual revenue

15%

Executive Compensation

Not reported

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$407K in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.