Club Steel Inc

Analysis

Club Steel Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Club Steel Inc reported income of $513k and spending of $567k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $686k to $513k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Club Steel Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Dekalb Aquatics Swim Team Incorporated ($513k), Queen Annes County 4-H Park Association Inc ($513k) and Boys & Girls Club of South Logan County Arkansas ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $120k (21% of expenses). Other salaries and wages came to $38k. At year end it held assets of $370k against liabilities of $4,478, net assets of $365k. It reported 3 employees.