Steered Straight Inc

Analysis

Steered Straight Inc is a registered charity in United States, based in McMinnville, TN. 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, Steered Straight Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $261k to $1.3m (+394%), an average of +70% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steered Straight Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Promise Academy ($1.3m), Steps to Success Inc ($1.3m) and Great River Affiliated Building Company ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $216k (17% of expenses). Other salaries and wages came to $351k. At year end it held assets of $329k against liabilities of $549k, net assets of -$220k. It reported 54 employees.