Stonewall Columbus Inc

Analysis

Stonewall Columbus Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1987, 39 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 December 2023, Stonewall Columbus Inc reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stonewall Columbus Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Lutherdale Bible Camp Inc ($1.7m), Thrive Survivor Support Center ($1.7m) and Big Brothers Big Sisters of Southwest Michigan ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $126k (6.9% of expenses). Other salaries and wages came to $293k. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $3.1m. It reported 11 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.