St Elmo Foundation

Analysis

St Elmo Foundation is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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, St Elmo Foundation reported income of $210k and spending of $269k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $210k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Elmo Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Visit Issaquah ($210k), Bristol Chamber Foundation ($210k) and National Asian Peace Officers Assc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. It paid $18k in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.