Stonewall Sports

Analysis

Stonewall Sports is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Stonewall Sports reported income of $324k and spending of $231k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $324k (+136%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stonewall Sports sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Magic City Figure Skating Club ($323k), Community Sports Institute ($324k) and Valley Foundation Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.