Steele Family Foundation

Analysis

Steele Family Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in November 2022, 4 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, Steele Family Foundation reported income of $388k and spending of $190k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $388k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steele Family Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within AZ. Charities of a similar size with the same main cause include Methacton Education Foundation ($388k), Barber-Scotia College Inc ($388k) and Safe Schools South Florida Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.