Stone Barns Restoration Corp

Analysis

Stone Barns Restoration Corp is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Stone Barns Restoration Corp reported income of $8.1m and spending of $12.8m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $8.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 142% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stone Barns Restoration Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Greater Cincinnati Television Educational Foundation ($8.1m), Indiana Repertory Theatre Inc ($8.1m) and Chicago Childrens Museum ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $1.2m (9.5% of expenses). Other salaries and wages came to $2.7m. It paid $116k in professional fundraising fees. At year end it held assets of $96.2m against liabilities of $1.1m, net assets of $95.1m. It reported 79 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.