Living Stones Academy

Analysis

Living Stones Academy is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2011, 15 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 June 2023, Living Stones Academy reported income of $4.4m and spending of $2.2m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $4.4m (+289%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 118%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Stones Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Utica Shale Academy of Ohio ($4.4m), Eagle School of Madison Inc ($4.4m) and Reform Alliance Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $81k (3.7% of expenses). Other salaries and wages came to $905k. At year end it held assets of $7.1m against liabilities of $190k, net assets of $6.9m. It reported 44 employees.