Generation Steam

Analysis

Generation Steam is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, Generation Steam reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $558k to $1.3m (+130%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Generation Steam sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Louisiana Symphony Association ($1.3m), Sylvia Kuvet Memorial Child Care Center ($1.3m) and Apprenticeship Training Trust Fund of Local 269 ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $247k (21% of expenses). Other salaries and wages came to $168k. At year end it held assets of $1.1m against liabilities of $623k, net assets of $452k. It reported 7 employees.