Scholarship Foundation of St Louis

Analysis

Scholarship Foundation of St Louis is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Scholarship Foundation of St Louis reported income of $11.8m and spending of $9.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $11.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Foundation of St Louis sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include United States and Canadian Academy of Pathology Inc ($11.8m), Sisters of Mercy Urgent Care Inc ($11.8m) and Coast Guard Foundation Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $231k (2.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $46.4m against liabilities of $3.2m, net assets of $43.2m. It reported 19 employees.