Cobblestone Project

Analysis

Cobblestone Project is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cobblestone Project reported income of $575k and spending of $624k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $255k to $575k (+126%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 577%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cobblestone Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Skagway Child Care Council Inc ($575k), Million Meal Movement Inc ($575k) and Beth Oloth ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Other salaries and wages came to $302k. At year end it held assets of $40k against liabilities of $75k, net assets of -$35k. It reported 14 employees.

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.