Quantum Steam Academy

Analysis

Quantum Steam Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 2020, 6 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, Quantum Steam Academy reported income of $2.9m and spending of $2.8m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $89k to $2.9m (+3162%), an average of +220% a year. The sharpest change came in the year to June 2021, when income rose by 1327%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quantum Steam Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Mountain View Montessori ($2.9m), West Michigan Construction Institute ($2.9m) and Queens College Student Services Corporation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $110k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $1.4m, net assets of $838k. It reported 35 employees.