The First Stone Ministries Inc

Analysis

The First Stone Ministries Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, The First Stone Ministries Inc reported income of $434k and spending of $431k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $434k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The First Stone Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Sino American Buddhist Cultural Center Inc-Fa Kwang Temple ($434k), M B Swayze Educational Foundation ($434k) and Collinwood and Nottingham Village Development Corporation ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $122k (28% of expenses). Other salaries and wages came to $159k. At year end it held assets of $142k against liabilities of $6,170, net assets of $136k. It reported 5 employees.