Pennsylvania Steam Academy Charter School

Analysis

Pennsylvania Steam Academy Charter School is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in September 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 June 2023, Pennsylvania Steam Academy Charter School reported income of $3.9m and spending of $4.6m, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $3.9m (+122%), an average of +122% a year. The sharpest change came in the year to June 2023, when income rose by 122%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvania Steam Academy Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include A Plus Charter Schools ($3.9m), Actuarial Foundation ($3.9m) and Mill Valley Schools Community Foundation ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $143k (3.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $12.4m against liabilities of $13.5m, net assets of -$1.2m. It reported 39 employees.