Michigan Steam Engine & Threshers Club

Analysis

Michigan Steam Engine & Threshers Club is a registered charity in United States, based in Mason, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Michigan Steam Engine & Threshers Club reported income of $215k and spending of $86k, leaving 60% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $4,667 to $215k (+4502%), an average of +160% a year. The sharpest change came in the year to July 2021, when income rose by 1879%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Steam Engine & Threshers Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Early Music Foundation Inc ($215k), Paradosi Christian Ballet ($215k) and Visionbox Studio ($215k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. At year end it held assets of $370k against liabilities of $0, net assets of $370k.