The Stonington Community Center Inc

Analysis

The Stonington Community Center Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Stonington Community Center Inc reported income of $2.2m and spending of $2.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Stonington Community Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Young Womens Christian Association ($2.2m), Ross County Agricultural Society ($2.2m) and Kelsch Homes Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $85k (4.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.8m against liabilities of $1.0m, net assets of $3.8m. It reported 56 employees.