Redstone Foundation

Analysis

Redstone Foundation is a registered charity in United States, based in Uniontown, PA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redstone Foundation reported income of $314k and spending of $334k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $314k (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 163%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Redstone Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include New Impact ($314k), Upstate Venture Connect Corporation ($314k) and Leadership Council for Nonprofits ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. At year end it held assets of $481k against liabilities of $0, net assets of $481k.