Steamy Lit Foundation

Analysis

Steamy Lit Foundation is a registered charity in United States, based in Deerfield Beach, FL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Steamy Lit Foundation reported income of $370k and spending of $83k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $356k to $370k (+4.0%), an average of +4.0% a year. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamy Lit Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Lincoln Motor Car Heritage Museum and Research Foundation Inc ($370k), Natural History Institute ($370k) and Chestertown Arts League Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $495k against liabilities of $0, net assets of $495k.