Esteam Foundation Inc

Analysis

Esteam Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Esteam Foundation Inc reported income of $1.0m and spending of $949k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $1.0m (+671%), an average of +67% a year. The sharpest change came in the year to December 2020, when income rose by 500%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Esteam Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Ubi Charitable Inc ($1.0m), Erlanger Baroness Auxiliary ($1.0m) and Colorado Rockies Baseball Club Foundation ($999k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $178k (19% of expenses). Other salaries and wages came to $391k. At year end it held assets of $568k against liabilities of $77k, net assets of $491k. It reported 8 employees.