Sullivan Street Inc

Analysis

Sullivan Street Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Sullivan Street Inc reported income of $193k and spending of $251k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $162k to $193k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sullivan Street Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include Ellas House ($193k), HFL Van Nuys Apartments ($193k) and Choices Inc ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.0m against liabilities of $84k, net assets of $958k.

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.