Stifel Charitable Inc

Analysis

Stifel Charitable Inc is a registered charity in United States, based in Saint Louis, MO. 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, Stifel Charitable Inc reported income of $79.0m and spending of $35.5m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $79.0m (+1536%), an average of +101% a year. The sharpest change came in the year to December 2020, when income rose by 922%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stifel Charitable Inc sits at the 99th 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 98th percentile within MO. Charities of a similar size with the same main cause include Greater Milwaukee Foundation Inc ($78.0m), The Golden L E a F Long-Term Economic Advancement Foundation in ($79.1m) and Oklahoma City Community Foundation Inc ($77.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $157k (0.4% of expenses). Other salaries and wages came to $318k. At year end it held assets of $224.6m against liabilities of $1.1m, net assets of $223.5m.