REDSTONE FOUNDATION
Mission Statement
The Mission of The Redstone Foundation is to provide financial support for the community development and educational activities sponsored by the Fayette Chamber of Commerce, and to promote and develop the economic, civic, cultural, and social welfare of the citizen of Fayette County, Pennsylvania, through education and outreach projects and programs. Programs supported through The Redstone Foundation will be available to all county residents and businesses as well as our communities’ visitors and friends. Programming and projects will be undertaken as collaborative activities with partnering business, community and economic development agencies and educational institutions.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.2% | 84.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.8% | 12.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
17.3 mo | 11.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 3.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.0% | 93.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-12.8% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
6.7% | 13.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.2% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $314K | $334K | $481K | 89.2% | 0 |
| 2022 | $360K | $313K | $501K | 89.5% | 0 |
| 2021 | $185K | $272K | N/A | — | 0 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.