Steam Academy of Warren

Analysis

Steam Academy of Warren is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Steam Academy of Warren reported income of $4.6m and spending of $4.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steam Academy of Warren 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 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Oregon State University Alumni Association Inc O S U ($4.6m), Bnos Bracha Inc ($4.6m) and Monarch Montessori of Denver Charter School ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.6m against liabilities of $3.8m, net assets of -$1.2m.