Buildup Steam Inc

Analysis

Buildup Steam Inc is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Buildup Steam Inc reported income of $282k and spending of $243k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $282k (+299%), an average of +100% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buildup Steam Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Bright Futures Joplin ($282k), Southern Minnesota Women Center ($282k) and Kids First Preschool & Childcare ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $88k (36% of expenses). Other salaries and wages came to $70k. At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 10 employees.