Steampark Inc

Analysis

Steampark Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Steampark Inc reported income of $376k and spending of $411k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $262k to $376k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steampark Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Winn Council of the Aged Inc ($376k), Asian Immigrant Women Advocates Inc ($376k) and Preston Ranch Ministries ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 24% of the total. Other salaries and wages came to $158k. At year end it held assets of $144k against liabilities of $45k, net assets of $99k. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.