Stoughton Area Resource Team Inc

Analysis

Stoughton Area Resource Team Inc is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in August 2003, 23 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, Stoughton Area Resource Team Inc reported income of $343k and spending of $243k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $343k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stoughton Area Resource Team Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Hope Centers United ($343k), Empowered and Dedicated to Edify the Nation Inc ($343k) and New Life for a New Generation ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.9% of the total. Other salaries and wages came to $71k. At year end it held assets of $531k against liabilities of $6,969, net assets of $524k. It reported 4 employees.