Friends of Stone Academy

Analysis

Friends of Stone Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Stone Academy reported income of $80k and spending of $55k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $80k to $80k (+0.0%), an average of +0.0% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Stone Academy sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include PTA New York Congress ($80k), Love Thy Neighbor-Grand Traverse Region ($80k) and Music for Minors II ($80k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $199k against liabilities of $0, net assets of $199k.