Stewarts Halfway House Inc

Analysis

Stewarts Halfway House Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stewarts Halfway House Inc reported income of $118k and spending of $122k, spending 103% of its income. Across the 4 years on record, from December 2018 to December 2023, income fell from $133k to $118k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stewarts Halfway House Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Children First Inc ($118k), Walker Area Pregnancy Support Center of Walker Minnesota ($118k) and The Clinton County Fair Association Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $20k (17% of expenses). Other salaries and wages came to $64k. At year end it held assets of $9,380 against liabilities of $0, net assets of $9,380. It reported 4 employees.