Steer Inc

Analysis

Steer Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in September 1962, 64 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Steer Inc reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.0m (+7.7%), an average of +2.5% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Steer Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ND. Charities of a similar size with the same main cause include Mission to Amish People ($2.0m), Trinity Broadcasting of Arizona Inc ($2.0m) and The Center for Islamic Teachings and Community Development ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $126k (6.9% of expenses). Other salaries and wages came to $233k. At year end it held assets of $6.9m against liabilities of $151k, net assets of $6.7m. It reported 7 employees.