District Energy St Paul Inc

Analysis

District Energy St Paul Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, District Energy St Paul Inc reported income of $61.5m and spending of $54.8m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $38.6m to $61.5m (+59%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, District Energy St Paul Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Comprehensive Senior Care Corporation ($61.5m), Northwest Harvest E M M ($61.5m) and Felton Institute ($61.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.3m (2.4% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $172.0m against liabilities of $169.5m, net assets of $2.5m. It reported 105 employees.