Asp2 Steam Academy Inc NFP

Analysis

Asp2 Steam Academy Inc NFP is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asp2 Steam Academy Inc NFP reported income of $328k and spending of $478k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $328k (+152%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asp2 Steam Academy Inc NFP sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Literacy Volunteers of Rensselaer County ($328k), Stonewall Alliance of Chico ($328k) and Happier Valley Comedy Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $46k (9.6% of expenses). Other salaries and wages came to $228k. At year end it held assets of $296k against liabilities of $481k, net assets of -$185k.

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.