Steamboat Reading Inc

Analysis

Steamboat Reading Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steamboat Reading Inc reported income of $420k and spending of $312k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $420k (+288%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steamboat Reading Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Cypress Woods Band Boosterassociation ($419k), Strategic Education International ($420k) and Eliot School Parent Council ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $81k. At year end it held assets of $226k against liabilities of $11k, net assets of $215k. It reported 3 employees.