Stella Maris Inc

Analysis

Stella Maris Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church 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 $72.8m and spending of $71.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.3m to $72.8m (+6.7%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stella Maris Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include General Conference of Seventh Day Adventist ($72.5m), Usvets Housing Corporation ($72.8m) and Cato Institute ($71.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $35.1m. At year end it held assets of $106.4m against liabilities of $37.0m, net assets of $69.3m. It reported 947 employees.