Staunton Makerspace Inc

Analysis

Staunton Makerspace Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Staunton Makerspace Inc reported income of $63k and spending of $54k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $63k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Staunton Makerspace Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include National Extension Association of Family and Consumer Sciences ($63k), T-34 Association ($63k) and Sunny Hills Elementary School PTA ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. At year end it held assets of $385k against liabilities of $35k, net assets of $350k.