Stratford Foundation Inc

Analysis

Stratford Foundation Inc is a registered charity in United States, based in Needham HGTS, MA. It received its IRS tax-exemption ruling in August 1942, 84 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stratford Foundation Inc reported income of $848k and spending of $2.6m, spending 308% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $848k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 164% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stratford Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Central Illinois Veterans Center ($848k), Big Brothers Big Sisters of Midland County Inc ($848k) and Blue Hill Troupe Ltd ($847k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 119% of the total. Compensation of current officers, directors and key employees was $346k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.4m against liabilities of $667k, net assets of $12.7m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.