Stability First Inc

Analysis

Stability First Inc is a registered charity in United States, based in Martinsville, IN. It received its IRS tax-exemption ruling in February 2017, 9 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, Stability First Inc reported income of $799k and spending of $562k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $799k (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stability First Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include South Dallas Fair Park Innercity Community Development Corporation ($799k), The Salvation Army Philadelphia Booth Manor Inc ($799k) and Jonathans Landing Foundation Inc ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.9% of the total. Other salaries and wages came to $275k. It paid $44k in professional fundraising fees. At year end it held assets of $967k against liabilities of $18k, net assets of $949k. It reported 9 employees.