Stone Ridge Foundation

Analysis

Stone Ridge Foundation is a registered charity in United States, based in Altavista, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Stone Ridge Foundation reported income of $2.4m and spending of $1.7m, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.9m to $2.4m (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stone Ridge Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Brookview Inc ($2.4m), Second Nature Inc ($2.4m) and Downtown Womens Center ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $123k (7.2% of expenses). Other salaries and wages came to $416k. At year end it held assets of $4.4m against liabilities of $2.0m, net assets of $2.4m. It reported 30 employees.