Stepping Stone Museum Association Inc

Analysis

Stepping Stone Museum Association Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Stepping Stone Museum Association Inc reported income of $368k and spending of $185k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $183k to $368k (+101%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stepping Stone Museum Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Rock Hill Symphony Orchestra ($368k), Chatham Marconi Maritime Center Inc ($368k) and Kyrgyz Community Center ($368k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 81% and program service revenue 11% of the total. Other salaries and wages came to $108k. At year end it held assets of $528k against liabilities of $112, net assets of $528k. It reported 4 employees.