Stillpoint Marthas Vineyard Inc

Analysis

Stillpoint Marthas Vineyard Inc is a registered charity in United States, based in Chilmark, MA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Stillpoint Marthas Vineyard Inc reported income of $1.3m and spending of $279k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $234k to $1.3m (+462%), an average of +137% a year. The sharpest change came in the year to December 2022, when income rose by 978%. Over the whole period it spent 9.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stillpoint Marthas Vineyard Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Mercy Community Housing Georgia ($1.3m), Christian Academy of Greater St Louis ($1.3m) and The Discovery Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (27% of expenses). Other salaries and wages came to $32k. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 2 employees.