Saint Stephens Episcopal Church Foundation

Analysis

Saint Stephens Episcopal Church Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Stephens Episcopal Church Foundation reported income of $173k and spending of $403k, spending 234% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $108k to $173k (+60%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 192% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Stephens Episcopal Church Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Dallas Center-Grimes Soccer Club Inc ($173k), Little League Baseball Inc ($173k) and PTA California Congress of Parents Teachers & Students Inc ($173k).

At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.

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.