Steinberg Institute

Analysis

Steinberg Institute is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Steinberg Institute reported income of $3.4m and spending of $1.7m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.4m (+231%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 488%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Steinberg Institute sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Rise Recovery ($3.4m), Indian River County Healthy Start Coalition Inc ($3.4m) and Aurora Family Service Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $481k (28% of expenses). Other salaries and wages came to $524k. It paid $11k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $201k, net assets of $2.2m. It reported 8 employees.