Rice County Steam and Gas Engine Incorporated

Analysis

Rice County Steam and Gas Engine Incorporated is a registered charity in United States, based in Dundas, MN. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rice County Steam and Gas Engine Incorporated reported income of $52k and spending of $75k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $79k to $52k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rice County Steam and Gas Engine Incorporated sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include National Order of Trench Rats ($52k), Indigo Spoon Foundation ($52k) and Healing for the Soul Ministries Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 45% of the total. At year end it held assets of $538k against liabilities of $96k, net assets of $442k.