Ridge Live Steamers Inc

Analysis

Ridge Live Steamers Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in December 2001, 25 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, Ridge Live Steamers Inc reported income of $72k and spending of $64k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $72k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridge Live Steamers Inc 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 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Southern Plains Productions ($72k), Pointe Aux Barques Lighthouse Society ($72k) and Legion for the Survival of Freedom Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.