Steiger International Ltd

Analysis

Steiger International Ltd is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2023, Steiger International Ltd reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steiger International Ltd sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Foundation Properties Charitable TR ($3.3m), Legal Aid Society of San Bernardino ($3.3m) and Eli and Bessie Cohen Camps of Massachusetts Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (2.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $260k, net assets of $1.6m. It reported 32 employees.