Keystone Development LLC

Analysis

Keystone Development LLC is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Keystone Development LLC reported income of $606k and spending of $440k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $789k to $606k (-23%), an average of -6.4% a year. The sharpest change came in the year to September 2021, when income dropped by 38%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Keystone Development LLC sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Hawaii Community Builders ($606k), Afforda ($606k) and McLeod Home Inc ($606k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $110k. At year end it held assets of $4.7m against liabilities of $271k, net assets of $4.5m.