The Steel Technologies Foundation Inc

Analysis

The Steel Technologies Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Steel Technologies Foundation Inc reported income of $319k and spending of $328k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $356k to $319k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Steel Technologies Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Seattle Seahawks Womens Association ($319k), LT Dennis W Zilinski II Memorial Fund a NJ Non Profit Corporation ($320k) and LMC Legacy Foundation ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $959k against liabilities of $0, net assets of $959k.