Early American Steam Engine & Old Equipment Society

Analysis

Early American Steam Engine & Old Equipment Society is a registered charity in United States, based in Red Lion, PA. It received its IRS tax-exemption ruling in November 1985, 41 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, Early American Steam Engine & Old Equipment Society reported income of $91k and spending of $76k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $91k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Early American Steam Engine & Old Equipment Society sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Sholem Educational Institute ($91k), Volunteers of America Inc ($91k) and JB Whitfield Ministries Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $530k against liabilities of $75k, net assets of $454k.