Steam Academy

Analysis

Steam Academy is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. 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, Steam Academy reported income of $1.4m and spending of $1.6m, spending 117% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.3m to $1.4m (+5.7%), an average of +5.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steam Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Broward Sheriffs Advisory Council Inc ($1.4m), World Renewal Inc ($1.4m) and Little Beginnings Child Development Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $36k (2.3% of expenses). Other salaries and wages came to $319k. At year end it held assets of $625k against liabilities of $558k, net assets of $66k. It reported 17 employees.