Stone Foundation

Analysis

Stone Foundation is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Stone Foundation reported income of $265k and spending of $246k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $446k to $265k (-41%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Othello Rodeo Association ($265k), Tecumseh Tomorrows Inc ($265k) and Catholic Coalition for Special Education Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.