St Georges Scholar Institute Inc

Analysis

St Georges Scholar Institute Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1965, 61 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 Georges Scholar Institute Inc reported income of $653k and spending of $693k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $653k (+158%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Georges Scholar Institute Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Linda Hall Library Foundation ($652k), Green Village Fire Department Volunteer ($653k) and Union Council on Aging Inc ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $65k (9.3% of expenses). Other salaries and wages came to $148k. At year end it held assets of $101k against liabilities of $100k, net assets of $667. It reported 6 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.