STL Care Company

Analysis

STL Care Company is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, STL Care Company reported income of $12.5m and spending of $13.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.9m to $12.5m (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, STL Care Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Behavioral Care Solutions for Adults and Seniors Inc ($12.5m), Hospice Partners Inc ($12.5m) and Lawrence Community Health Services ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $23.0m against liabilities of $1.6m, net assets of $21.3m. It reported 219 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.