Keep St Pete Lit

Analysis

Keep St Pete Lit is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Keep St Pete Lit reported income of $66k and spending of $93k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $66k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Keep St Pete Lit sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Salmon River Fine Arts Center ($65k), Southwestern Association of Forensic Scientists Inc ($66k) and Society of American Military Engineers ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. At year end it held assets of $18k against liabilities of $18k, net assets of $0.