George Stone Adventist School

Analysis

George Stone Adventist School is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in April 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, George Stone Adventist School reported income of $27.6m and spending of $29.6m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $32.0m to $27.6m (-14%), an average of -3.6% a year. The sharpest change came in the year to May 2023, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, George Stone Adventist School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Sonoma Academy ($27.6m), Lsny Bronx Corporation ($27.6m) and Literacy First Charter Schools ($27.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $258k (0.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $64.1m against liabilities of $8.4m, net assets of $55.7m. It reported 795 employees.