The Empty Stocking Fund Inc

Analysis

The Empty Stocking Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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 March 2023, The Empty Stocking Fund Inc reported income of $2.2m and spending of $2.7m, spending 124% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.2m to $2.2m (+90%), an average of +17% a year. The sharpest change came in the year to March 2020, when income rose by 109%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Empty Stocking Fund Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Service Fitters Industry Ed Fund ($2.2m), Red Caboose Child Care Center Inc ($2.2m) and Camp Tekoa Inc of the WNC Conference of the U M Church ($2.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $170k (6.2% of expenses). Other salaries and wages came to $101k. At year end it held assets of $3.7m against liabilities of $985k, net assets of $2.7m. It reported 6 employees.