Stanton Norfolk Inc

Analysis

Stanton Norfolk Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stanton Norfolk Inc reported income of $5.0m and spending of $4.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stanton Norfolk Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include PHS Beacon Hill Inc ($5.0m), Recovery Point of Hunting Inc ($5.0m) and Habitat for Humanity International Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $201k (4.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.6m against liabilities of $1.2m, net assets of $4.5m. It reported 64 employees.