Greater Stonington Realty Corporation

Analysis

Greater Stonington Realty Corporation is a registered charity in United States, based in Pawcatuck, CT. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Greater Stonington Realty Corporation reported income of $507k and spending of $4,305, leaving 99% of income unspent that year. Across the 2 years on record, from December 2020 to December 2023, income grew from $437k to $507k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 47% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Stonington Realty Corporation 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 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Cornerstone Corporation ($507k), Wider Path Home Foundation ($507k) and Long Hill Township Community Housing Development Corp ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $559k against liabilities of $0, net assets of $559k.