Chess Club and Scholastic Center of Saint Louis

Analysis

Chess Club and Scholastic Center of Saint Louis is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Chess Club and Scholastic Center of Saint Louis reported income of $16.7m and spending of $15.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $16.7m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chess Club and Scholastic Center of Saint Louis sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Big Life International Inc ($16.3m), Cotton Bowl Athletic Association ($16.8m) and Special Olympics Florida Inc ($16.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $221k (1.4% of expenses). Other salaries and wages came to $2.4m. It paid $69k in professional fundraising fees. At year end it held assets of $16.6m against liabilities of $7.6m, net assets of $9.0m. It reported 115 employees.