St Louis Soaring Association Inc

Analysis

St Louis Soaring Association Inc is a registered charity in United States, based in Hazelwood, MO. It received its IRS tax-exemption ruling in April 1990, 36 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 Soaring Association Inc reported income of $153k and spending of $187k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $153k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Louis Soaring Association Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MO. Charities of a similar size with the same main cause include Operation Yellow Ribbon of South Jersey ($153k), Tallmadge Athletic Booster Club ($153k) and St Joseph Apartments Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 24% of the total. At year end it held assets of $3.3m against liabilities of $121k, net assets of $3.2m.