Gilbert Stuart Memorial Inc

Analysis

Gilbert Stuart Memorial Inc is a registered charity in United States, based in Saunderstown, RI. It received its IRS tax-exemption ruling in December 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gilbert Stuart Memorial Inc reported income of $114k and spending of $138k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $114k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilbert Stuart Memorial Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within RI. Charities of a similar size with the same main cause include Sodus Bay Historical Society ($114k), Camp Sue Osborn Inc ($114k) and Alamosa Senior Citizens Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $923k against liabilities of $191, net assets of $922k. It reported 2 employees.