Mortarstone Charitable TR

Analysis

Mortarstone Charitable TR is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in October 2022, 4 years ago. 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, Mortarstone Charitable TR reported income of $708k and spending of $365k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $708k (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mortarstone Charitable TR sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NV. Charities of a similar size with the same main cause include Black Product Managers ($707k), International School of Hydrocarbon Measurement Inc ($708k) and Blauvelt Volunteer Fire Company Inc ($707k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $593k against liabilities of $1,000, net assets of $592k.