Steelworkers Charitable and Educational Organization

Analysis

Steelworkers Charitable and Educational Organization is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steelworkers Charitable and Educational Organization reported income of $5.0m and spending of $5.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $5.0m (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Steelworkers Charitable and Educational Organization sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Destination Medical Center Economic Development Agency ($5.0m), Local Workforce Investment Area III Inc ($5.0m) and Star Center Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Other salaries and wages came to $792k. At year end it held assets of $2.8m against liabilities of $342k, net assets of $2.5m. It reported 146 employees.