Stonewall Sports Inc

Analysis

Stonewall Sports Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Stonewall Sports Inc reported income of $3.3m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.3m (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stonewall Sports 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 90th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Philly Races Inc ($3.3m), Carnation Farms ($3.3m) and Monroe Community Sports Centre Corporation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $1.3m against liabilities of $186k, net assets of $1.1m.