Cobblestone Society

Analysis

Cobblestone Society is a registered charity in United States, based in Albion, NY. It received its IRS tax-exemption ruling in October 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cobblestone Society reported income of $297k and spending of $186k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $297k (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cobblestone Society sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Rock River Heritage Inc ($297k), Shoreline Arts Alliance Inc ($297k) and Veterans Memorial Park Foundation of Pensacola Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $55k (30% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.2m against liabilities of $1,674, net assets of $1.2m. It reported 5 employees.