Stonecrest Home Arts Inc

Analysis

Stonecrest Home Arts Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Stonecrest Home Arts Inc reported income of $1.2m and spending of $750k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $1.2m (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Stonecrest Home Arts Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include Impact Others Inc ($1.2m), Baba Makhan Shah Lobana Sikh Center Inc ($1.2m) and National Jewish Outreach Program Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.6% of the total. Other salaries and wages came to $270k. At year end it held assets of $3.4m against liabilities of $46k, net assets of $3.3m. It reported 50 employees.