The Stration Area Foundation I

Analysis

The Stration Area Foundation I is a registered charity in United States, based in Stratton, CO. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Stration Area Foundation I reported income of $117k and spending of $196k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $259k to $117k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Stration Area Foundation I sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include Liberty Hill Apartments Inc ($117k), Ideal Apartments Housing Corporation ($117k) and New Vision Residential Services Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. At year end it held assets of $2.4m against liabilities of $674k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.