Steam Exchange Community Arts Center Inc

Analysis

Steam Exchange Community Arts Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 June 2023, Steam Exchange Community Arts Center Inc reported income of $327k and spending of $204k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $353k to $327k (-7.5%), an average of -7.5% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steam Exchange Community Arts Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include American Society of Civil Engineers ($327k), Mormon History Association ($327k) and CMS Education Foundation ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $116k. At year end it held assets of $336k against liabilities of $15k, net assets of $321k. It reported 8 employees.