Welcome Neighbor STL Inc

Analysis

Welcome Neighbor STL Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Welcome Neighbor STL Inc reported income of $598k and spending of $647k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $598k (+131%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Welcome Neighbor STL Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Real Estate Foundation of San Luis Obispo County ($598k), Norfolk Rescue Mission Inc ($598k) and Changing Lives Foundation ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $74k (11% of expenses). Other salaries and wages came to $182k. At year end it held assets of $129k against liabilities of $0, net assets of $129k.