St Andrew Tower Inc

Analysis

St Andrew Tower Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in September 1972, 54 years ago. 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 June 2023, St Andrew Tower Inc reported income of $64k and spending of $11k, leaving 82% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.9m to $64k (-98%), an average of -75% a year. The sharpest change came in the year to June 2021, when income dropped by 95%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Andrew Tower Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Together with Hill Country Veterans ($64k), Leaps of Faith Ballet Ministry ($64k) and Gateway Foundation of Acadiana ($64k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $947k against liabilities of $5.3m, net assets of -$4.3m.