STEM Preparatory Schools Inc

Analysis

STEM Preparatory Schools Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, STEM Preparatory Schools Inc reported income of $24.8m and spending of $24.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $24.8m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Preparatory Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Legacy Early College ($24.8m), San Francisco Day School ($24.8m) and The Foundation Schools ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $499k (2.0% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $37.8m against liabilities of $22.0m, net assets of $15.7m. It reported 300 employees.