Steamsport Inc

Analysis

Steamsport Inc is a registered charity in United States, based in McDonough, GA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Steamsport Inc reported income of $230k and spending of $241k, spending 105% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $188k to $230k (+22%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Steamsport Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Anthony Davis Foundation Inc ($230k), Novaskye Youth Foundation Inc ($230k) and Localogy ($230k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% and program service revenue 85% of the total. At year end it held assets of $32k against liabilities of $53k, net assets of -$21k.