Stoneridge Residents Association

Analysis

Stoneridge Residents Association is a registered charity in United States, based in Mystic, CT. It received its IRS tax-exemption ruling in January 2011, 15 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, Stoneridge Residents Association reported income of $167k and spending of $173k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $167k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stoneridge Residents Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Standing Stone Community Center NFP ($167k), Azul Fashion Art & Design Inc ($167k) and NYC Mammas Give Back Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $61k against liabilities of $117, net assets of $61k.