Birthstone Corporation

Analysis

Birthstone Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, 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 2023, Birthstone Corporation reported income of $180k and spending of $173k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $301k to $180k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 23% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Birthstone Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within MO. Charities of a similar size with the same main cause include Fostering Hope ($180k), Hickory County Community Action Resource Education Services ($180k) and Real Mission Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $28k (16% of expenses). At year end it held assets of $1.2m against liabilities of $7,021, net assets of $1.2m. It reported 1 employees.