Cleverley Stone Foundation

Analysis

Cleverley Stone Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Cleverley Stone Foundation reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $960k to $1.6m (+62%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cleverley Stone Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Strong Family Health Center ($1.6m), Exploring Life Inc ($1.6m) and Abra of Sheldon ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $50k (3.3% of expenses). Other salaries and wages came to $9,575. At year end it held assets of $200k against liabilities of $8,749, net assets of $191k. It reported 1 employees.