St Lukes Foundation Inc

Analysis

St Lukes Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Lukes Foundation Inc reported income of $34.1m and spending of $35.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.9m to $34.1m (+10%), an average of +2.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Lukes Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Friends School of Baltimore Inc ($34.1m), Early Learning Coalition of Indian River Martin & Okeechobee Counties ($34.1m) and Cardinal Stritch University Inc ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.9m (5.5% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $133.2m against liabilities of $39.2m, net assets of $94.0m. It reported 242 employees.