New England Steam Corp

Analysis

New England Steam Corp is a registered charity in United States, based in Winterport, ME. It received its IRS tax-exemption ruling in June 2013, 13 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 (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 2022, New England Steam Corp reported income of $136k and spending of $22k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $106k to $136k (+29%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Steam Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Tamil Sangam of Missouri Inc ($136k), Woodbine Main Street - Chamber ($136k) and York County Honors Choirs ($136k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% of the total. At year end it held assets of $625k against liabilities of $531, net assets of $624k.