Motor City Steam Foundation

Analysis

Motor City Steam Foundation is a registered charity in United States, based in Detroit, MI. 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 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 December 2023, Motor City Steam Foundation reported income of $65k and spending of $98k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $65k (+12%), an average of +12% a year. Over the whole period it spent 154% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Motor City Steam Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Kozefo ($65k), Fenton Area Public Schools Education Foundation ($65k) and Marion Community Scholarship Foundation Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.