Halestone Foundation

Analysis

Halestone Foundation is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Halestone Foundation reported income of $104k and spending of $105k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $78k to $104k (+34%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Halestone Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include The Chamber Music Connection Inc ($104k), First Street Gallery Inc ($104k) and Northwest Arkansas Regional Dance ($104k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. At year end it held assets of $30k against liabilities of $19k, net assets of $10k.