Runestone Academy Ltd

Analysis

Runestone Academy Ltd is a registered charity in United States, based in Luck, WI. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Runestone Academy Ltd reported income of $108k and spending of $101k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $108k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Runestone Academy Ltd sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within WI. Charities of a similar size with the same main cause include University City Public Schools Education Foundation Inc ($108k), Roaring Fork Schools Foundation ($108k) and Northeast Environmental Enforcement Project ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. At year end it held assets of $14k against liabilities of $5,721, net assets of $7,998.