Statesman Association Inc

Analysis

Statesman Association Inc is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Statesman Association Inc reported income of $80k and spending of $36k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2017 to December 2023, income fell from $89k to $80k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 308%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Statesman Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Englewood Youth Foundation Inc ($80k), Max York Educational Foundation ($80k) and Joe E Johnston Foundation Fbo Reinhardt College ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $107k against liabilities of $1,406, net assets of $105k.