Lets Grow Steamx Inc

Analysis

Lets Grow Steamx Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in November 2019, 7 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 June 2024, Lets Grow Steamx Inc reported income of $110k and spending of $113k, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $95k to $110k (+16%), an average of +7.8% a year. The sharpest change came in the year to June 2024, when income rose by 54%. Over the whole period it spent 118% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lets Grow Steamx Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Saginaw S T E M ($110k), Regents of the University of Minnesota ($110k) and Upper Rogue Valley Youth Football ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $73k against liabilities of $124k, net assets of -$50k.