Stonebridge Movin Out

Analysis

Stonebridge Movin Out is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stonebridge Movin Out reported income of $85k and spending of $140k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $85k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stonebridge Movin Out sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include Unquiet Professional ($85k), Leonardo Da Vinci Dna Project Inc ($85k) and Share My Smile ($85k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $852k against liabilities of $1.5m, net assets of -$604k.

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.