Stonebridge School

Analysis

Stonebridge School is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in December 1986, 40 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, Stonebridge School reported income of $6.0m and spending of $4.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.0m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stonebridge School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Legacy Fund ($6.0m), Portland Public Library ($6.0m) and Viva Physicians Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $7.3m against liabilities of $1.0m, net assets of $6.3m. It reported 134 employees.