The Iron Horse Society at Steamtown Incorporated

Analysis

The Iron Horse Society at Steamtown Incorporated is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, The Iron Horse Society at Steamtown Incorporated reported income of $69k and spending of $12k, leaving 82% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $704k to $69k (-90%), an average of -69% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Iron Horse Society at Steamtown Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Agoura Boys Water Polo Foundation ($69k), Lee County Uspta Community Tennis Association Inc ($69k) and Illinois Girls Lacrosse Associationinc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 2.0% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.