Stone Ridge Library Foundation Inc

Analysis

Stone Ridge Library Foundation Inc is a registered charity in United States, based in Stone Ridge, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stone Ridge Library Foundation Inc reported income of $109k and spending of $110k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $461k to $109k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stone Ridge Library Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Off-Grid Retreats ($109k), Anderson High School Band Boosters Inc ($109k) and Bexar County School Boards Coalition ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $35k. At year end it held assets of $732k against liabilities of $2,299, net assets of $730k. It reported 1 employees.