St Louis Italian Invitational Golf Tournament for Charities

Analysis

St Louis Italian Invitational Golf Tournament for Charities is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1976, 50 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 December 2023, St Louis Italian Invitational Golf Tournament for Charities reported income of $239k and spending of $240k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $212k to $239k (+13%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Louis Italian Invitational Golf Tournament for Charities sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Big Brutus Inc ($239k), Northwestern Youth Athletic Assoc ($240k) and St James Child Care Center Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.

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.