Steelwheelers Inc

Analysis

Steelwheelers Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 June 2024, Steelwheelers Inc reported income of $50k and spending of $46k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $79k to $50k (-36%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 36%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steelwheelers Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include PTA Texas Congress ($50k), San Marcos Community Foundation ($50k) and Dave Hefner International Exchange Fund Inc ($50k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.