Stone Soup Leadership Institute Inc

Analysis

Stone Soup Leadership Institute Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Stone Soup Leadership Institute Inc reported income of $499k and spending of $496k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $499k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stone Soup Leadership Institute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Springfield Municipal Opera Association ($499k), Museum of Art and Light Inc ($499k) and Bartow-Pell Landmark Fund ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). At year end it held assets of $85k against liabilities of $45k, net assets of $40k. It reported 1 employees.