Stone Soup Group

Analysis

Stone Soup Group is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Stone Soup Group reported income of $1.9m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stone Soup Group sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within AK. Charities of a similar size with the same main cause include BGC Nonprofit Housing Corporation ($1.9m), Small Business Development Corporation of Orange County ($1.9m) and Green Rural Redevelopment Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $110k (5.9% of expenses). Other salaries and wages came to $980k. At year end it held assets of $1.1m against liabilities of $554k, net assets of $529k. It reported 22 employees.