Stoneridge Retirement Living

Analysis

Stoneridge Retirement Living is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in May 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Stoneridge Retirement Living reported income of $20.2m and spending of $22.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.2m to $20.2m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stoneridge Retirement Living 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Waypoint Maine Inc ($20.2m), Meth-Wick Community ($20.2m) and Feeding the Foothills ($20.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 86% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $66.0m against liabilities of $23.8m, net assets of $42.2m.