St Louis Municipal Finance Corporation

Analysis

St Louis Municipal Finance Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2023, St Louis Municipal Finance Corporation reported income of $95.6m and spending of $147.9m, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.9m to $95.6m (+118%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 302%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Louis Municipal Finance Corporation 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 99th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Baltimore Medical System Inc ($95.4m), Terros Inc ($95.8m) and Touro University ($95.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $62.0m against liabilities of $10.9m, net assets of $51.1m.