Heart of America Antique Steam Engine & Model Association

Analysis

Heart of America Antique Steam Engine & Model Association is a registered charity in United States, based in MC Louth, KS. It received its IRS tax-exemption ruling in April 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart of America Antique Steam Engine & Model Association reported income of $200k and spending of $205k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $202k to $200k (-1.1%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heart of America Antique Steam Engine & Model Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KS. Charities of a similar size with the same main cause include Fort Dodge Historical Foundation ($200k), Miller Beach Arts & Creative District CDC ($200k) and Take Note Colorado ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $161k against liabilities of $88k, net assets of $74k.