St Paul Place Specialists Inc

Analysis

St Paul Place Specialists Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Paul Place Specialists Inc reported income of $133.7m and spending of $134.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $108.4m to $133.7m (+23%), an average of +5.4% a year. 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 Paul Place Specialists Inc 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 MD. Charities of a similar size with the same main cause include Moravian University ($132.1m), Make- A- Wish Foundation of America ($135.3m) and Roosevelt University ($131.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 86% of the total. Other salaries and wages came to $88.8m. At year end it held assets of $7.8m against liabilities of $20.7m, net assets of -$12.9m. It reported 504 employees.

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.