Stamford Cross Road Residences Inc

Analysis

Stamford Cross Road Residences Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2024, Stamford Cross Road Residences Inc reported income of $499k and spending of $535k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $438k to $499k (+14%), an average of +3.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stamford Cross Road Residences Inc 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 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Naumburg Orchestral Conc ($499k), Big Brothers & Big Sisters of the Tri-State Inc ($499k) and N-Star Events Inc ($499k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $72k. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $469k.

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.