One Stone Inc

Analysis

One Stone Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, One Stone Inc reported income of $1.7m and spending of $2.6m, spending 148% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.7m to $1.7m (-53%), an average of -17% a year. The sharpest change came in the year to July 2023, when income rose by 327%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One Stone 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 85th percentile, and in the 88th percentile within ID. Charities of a similar size with the same main cause include Central State University Innovation and Development Foundation ($1.7m), Ann Arbor Joint Electrical Apprenticeship & Training Com ($1.7m) and Mount Carmel Academy ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $219k (8.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.1m against liabilities of $280k, net assets of $3.8m. It reported 43 employees.