James M and Cathleen D Stone Family Foundation Inc

Analysis

James M and Cathleen D Stone Family Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, James M and Cathleen D Stone Family Foundation Inc reported income of $1.7m and spending of $5.1m, spending 301% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $1.7m (-66%), an average of -24% a year. The sharpest change came in the year to June 2022, when income rose by 335%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James M and Cathleen D Stone Family Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Permian Basin Public Telecommunications Inc ($1.7m), Park Theater Trust ($1.7m) and Modesto Symphony Orchestra Association ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.