Steam Train Inc

Analysis

Steam Train Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Steam Train Inc reported income of $137k and spending of $189k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $281k to $137k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steam Train Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Satchel Ford Elementary School PTO Inc ($137k), CS Parent Association ($137k) and African School for Excellence ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.