Steamboat Institute

Analysis

Steamboat Institute is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Steamboat Institute reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $1.9m (+172%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steamboat Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Hutchinson River Education Foundation Inc ($1.9m), Economic Development Partnership of Alabama Foundation Inc ($1.9m) and Hunger Action Los Angeles ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $134k (7.5% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.2m against liabilities of $724k, net assets of $495k. It reported 3 employees.