Old Stone House of Brooklyn

Analysis

Old Stone House of Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1991, 35 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 June 2023, Old Stone House of Brooklyn reported income of $515k and spending of $447k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $325k to $515k (+59%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Stone House of Brooklyn sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include PTA Texas Congress ($515k), Necog Development Corporation ($515k) and Tri-State Christian Fellowship Inc ($515k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). Other salaries and wages came to $155k. At year end it held assets of $462k against liabilities of $28k, net assets of $434k. It reported 6 employees.