Family & Friends of Steel Charitable Fund

Analysis

Family & Friends of Steel Charitable Fund is a registered charity in United States, based in Jewett, TX. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family & Friends of Steel Charitable Fund reported income of $161k and spending of $139k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $161k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Family & Friends of Steel Charitable Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Piedmont Regional Orchestra ($160k), Ettie Lee Foundation Inc ($161k) and Boots Court Foundation ($160k).

At year end it held assets of $54k against liabilities of $0, net assets of $54k.