Steam Engine Inc

Analysis

Steam Engine Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Steam Engine Inc reported income of $396k and spending of $387k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $48k to $396k (+720%), an average of +186% a year. The sharpest change came in the year to December 2022, when income rose by 297%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steam Engine Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within OK. Charities of a similar size with the same main cause include Knox Classical Academy ($396k), Global Exploration for Educatorsorganization ($396k) and Rotary Club of Lake Minnetonka - Excelsior ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). Other salaries and wages came to $85k. It paid $8,000 in professional fundraising fees. At year end it held assets of $62k against liabilities of $34k, net assets of $27k. It reported 14 employees.