Stonegate at St Stephen Inc

Analysis

Stonegate at St Stephen Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Stonegate at St Stephen Inc reported income of $878k and spending of $1.1m, spending 130% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $803k to $878k (+9.4%), an average of +2.3% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stonegate at St Stephen Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include B O K Ranch Inc ($878k), Trinity at Home Inc ($878k) and Kristol Center for Jewish Life at the University of Delaware Inc ($878k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $21k (1.8% of expenses). Other salaries and wages came to $114k. At year end it held assets of $6.0m against liabilities of $9.3m, net assets of -$3.4m.

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.