Stoneleigh Housing Inc

Analysis

Stoneleigh Housing Inc is a registered charity in United States, based in Canastota, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Stoneleigh Housing Inc reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $803k to $1.7m (+109%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stoneleigh Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Golden Empire Affordable Housing Inc ($1.7m), Ailbe Senior Housing Corporation ($1.7m) and Interfaith Homes Incorporated ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $335k. At year end it held assets of $1.6m against liabilities of $198k, net assets of $1.4m. It reported 10 employees.