St Petersburg Foundation Inc

Analysis

St Petersburg Foundation Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, St Petersburg Foundation Inc reported income of $944k and spending of $955k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $817k to $944k (+15%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Petersburg Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include United Way of Cayuga County Inc ($944k), United Way of Kentucky ($944k) and Loblolly Community Foundation Inc ($943k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $235k. At year end it held assets of $590k against liabilities of $18k, net assets of $572k. It reported 4 employees.