Stopover Inc

Analysis

Stopover Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2008, 18 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, Stopover Inc reported income of $1.0m and spending of $585k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $1.0m (+203%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stopover Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Arlington Area Childcare Inc ($1.0m), Disability Connections Inc ($1.0m) and Healthy Centers Healthy Kids ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $229k. At year end it held assets of $735k against liabilities of $44k, net assets of $691k. It reported 18 employees.