Childrens Art Foundation-Stone Soup Inc

Analysis

Childrens Art Foundation-Stone Soup Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Childrens Art Foundation-Stone Soup Inc reported income of $178k and spending of $177k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $178k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Art Foundation-Stone Soup Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Planned Lifetime Assistance Network of Northeast Ohio ($178k), Henry County Youth Services Bureau Inc ($178k) and Little League Baseball Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $32k (18% of expenses). At year end it held assets of $29k against liabilities of $84k, net assets of -$55k. It reported 1 employees.