Belmont Steam Alliance Corp

Analysis

Belmont Steam Alliance Corp is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in April 2021, 5 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, Belmont Steam Alliance Corp reported income of $60k and spending of $53k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $60k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Steam Alliance Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Deming Conference Organization Inc ($60k), Rescue Elementary School Parent-Teacher Council ($60k) and Phillips Public Library ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.