Stonewood Community Project Inc

Analysis

Stonewood Community Project Inc is a registered charity in United States, based in Millbrook, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Stonewood Community Project Inc reported income of $326k and spending of $313k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $326k (+511%), an average of +147% a year. The sharpest change came in the year to December 2022, when income rose by 186%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stonewood Community Project Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Lutheran Housing Services No 10 Incorporated ($325k), Community Center Development Corporation ($326k) and Soaring to Achieve Resultssystematically Developmental Center ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $224k. At year end it held assets of $59k against liabilities of $3,062, net assets of $56k. It reported 7 employees.