Foundation Stone Corp

Analysis

Foundation Stone Corp is a registered charity in United States, based in Saint Johns, FL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Foundation Stone Corp reported income of $165k and spending of $170k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $240k to $165k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation Stone Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Sandra Hancock Ministries Inc ($165k), Job 4 4 Ministries ($165k) and Americas Family Coaches ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $9,406, net assets of $5,585.