Keystone Foundation

Analysis

Keystone Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Keystone Foundation reported income of $1.2m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keystone Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Centerville Schools Booster Club Inc ($1.2m), Sumaj Foundation ($1.2m) and The New Haven Reads Community Book Bank Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.2m against liabilities of $10.8m, net assets of $2.4m.