Stonebridge Building Company

Analysis

Stonebridge Building Company is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2014, 12 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stonebridge Building Company reported income of $880k and spending of $779k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $649k to $880k (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stonebridge Building Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Downtown Chattanooga Business Improvement District Board ($880k), Fort Collins Youth Baseball Inc ($881k) and Open Primaries Education Fund ($878k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $5.0m against liabilities of $4.3m, net assets of $709k.