Stonier Scholarship Inc

Analysis

Stonier Scholarship Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Stonier Scholarship Inc reported income of $37.5m and spending of $41.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $37.5m (+505%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stonier Scholarship Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include The Hormel Foundation ($37.4m), Delaware Community Foundation ($37.5m) and Elks National Foundation Inc ($37.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $23.6m against liabilities of $193k, net assets of $23.4m. It reported 14 employees.