Stone Development Inc

Analysis

Stone Development Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Stone Development Inc reported income of $98k and spending of $150k, spending 153% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $93k to $98k (+5.3%), an average of +5.3% a year. Over the whole period it spent 148% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Development Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Fayetteville Chamber Education Leadership and Community Foundatio ($98k), Ingleside Mustangs Booster Club ($98k) and Sunrise Rotary Club of Claremont Foundation ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $252k against liabilities of $641k, net assets of -$388k.