Legacy Stone Inc

Analysis

Legacy Stone Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Legacy Stone Inc reported income of $1.6m and spending of $844k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $1.6m (+1559%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 798%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Stone Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Women Who Care Ministries ($1.6m), Keren Hachesed Miami Inc ($1.6m) and Potters Ranch Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $118k (14% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.4m against liabilities of $569k, net assets of $792k. It reported 5 employees.