Five Smooth Stones Foundation

Analysis

Five Smooth Stones Foundation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Five Smooth Stones Foundation reported income of $4.9m and spending of $5.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.9m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Five Smooth Stones Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Walnut Hills High School Alumni Foundation ($4.9m), Latino Education Advancement Foundation ($4.9m) and Partnership for Children of Johnston County Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $156k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $442k against liabilities of $594k, net assets of -$152k. It reported 47 employees.