Tri State Steelheaders

Analysis

Tri State Steelheaders is a registered charity in United States, based in Walla Walla, WA. It received its IRS tax-exemption ruling in February 1990, 36 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 December 2023, Tri State Steelheaders reported income of $5.0m and spending of $5.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.0m (+288%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 1104%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri State Steelheaders sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Titusville Academy Inc ($5.0m), Three Oaks Homeless Shelter Inc ($5.0m) and Arc of Greater Prince William Insight Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $72k (1.5% of expenses). Other salaries and wages came to $122k. At year end it held assets of $658k against liabilities of $130k, net assets of $527k. It reported 6 employees.