Stella Maris Inc

Analysis

Stella Maris Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1956, 70 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stella Maris Inc reported income of $9.6m and spending of $10.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $9.6m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stella Maris Inc 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 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Surprise Valley Health Care District ($9.6m), Bridge Counseling Associates Inc ($9.6m) and Kendal Corporation ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Other salaries and wages came to $5.9m. It paid $71k in professional fundraising fees. At year end it held assets of $13.7m against liabilities of $2.6m, net assets of $11.2m. It reported 186 employees.