Irving I Stone Support Foundation

Analysis

Irving I Stone Support Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Irving I Stone Support Foundation reported income of $351k and spending of $477k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $254k to $351k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 173% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irving I Stone Support Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Artlink Inc ($350k), Association of the Free Library & Reading RM Rowayton Inc ($351k) and Clearwater Licensed Day Care Center Inc ($350k).

At year end it held assets of $9.2m against liabilities of $255k, net assets of $8.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.