Stockade Works Inc

Analysis

Stockade Works Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Stockade Works Inc reported income of $468k and spending of $580k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $468k (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stockade Works Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Florida Economic Development Council Foundation ($467k), Hoya Foundation ($468k) and Family First Center of Lake County ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $222k (38% of expenses). At year end it held assets of $474k against liabilities of $17k, net assets of $457k. It reported 2 employees.