Stone Community Development Corporation NFP

Analysis

Stone Community Development Corporation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Stone Community Development Corporation NFP reported income of $184k and spending of $188k, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $87k to $184k (+110%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 238%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stone Community Development Corporation NFP sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Floyd County Friends ($184k), Community Loan Center of Greater Houston ($184k) and Economic Investment Fund of Henderson County Inc ($184k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $117k, net assets of -$98k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.