Steel Academy Foundation

Analysis

Steel Academy Foundation is a registered charity in United States, based in Columbus, 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, Steel Academy Foundation reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.5m (+41%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steel Academy Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Shady Lane ($2.5m), Renton Technical College Foundation ($2.5m) and The Columbus Jewish Day School ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $2.6m against liabilities of $3.9m, net assets of -$1.3m.