Steel Sports Foundation Inc

Analysis

Steel Sports Foundation Inc is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Steel Sports Foundation Inc reported income of $526k and spending of $374k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $526k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 114% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Steel Sports Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Bedrock Productions Inc ($526k), State of Florida Assoc of Police Athletic Activities Leagues Inc ($526k) and Girls on the Run Greater Houston ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $265k against liabilities of $571k, net assets of -$307k.