St Stephens Episcopal Church

Analysis

St Stephens Episcopal Church is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in January 1940, 86 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 December 2023, St Stephens Episcopal Church reported income of $111k and spending of $205k, spending 184% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $520k to $111k (-79%), an average of -54% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Stephens Episcopal Church sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Association for Quality in Audio Visual Technology Inc ($111k), Volunteers of America Inc ($111k) and Road Runners Club of America ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.2m against liabilities of $549, net assets of $1.2m. It reported 3 employees.