Stone Independent School

Analysis

Stone Independent School is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stone Independent School reported income of $2.4m and spending of $2.5m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $2.4m (+138%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stone Independent School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Humble Isd Education Foundation ($2.4m), Catholic Distance University Inc ($2.4m) and Faculty Student Assoc of Cayuga County Community College ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $68k (2.7% of expenses). Other salaries and wages came to $992k. At year end it held assets of $179k against liabilities of $694k, net assets of -$515k. It reported 27 employees.