National Steelworkers Oldtimers Community Urban Development

Analysis

National Steelworkers Oldtimers Community Urban Development is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, National Steelworkers Oldtimers Community Urban Development reported income of $471k and spending of $540k, spending 115% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $604k to $471k (-22%), an average of -6.0% a year. The sharpest change came in the year to March 2020, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Steelworkers Oldtimers Community Urban Development sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Brownstone Gardens III Inc ($471k), Ahepa 310-V Inc ($471k) and West End Associates Inc ($471k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $61k. At year end it held assets of $2.1m against liabilities of $204k, net assets of $1.9m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.