Washington STEM Center

Analysis

Washington STEM Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2010, 16 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 December 2023, Washington STEM Center reported income of $8.3m and spending of $6.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.2m to $8.3m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 336%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington STEM Center 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 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Kepler Education ($8.3m), John Muir Charter Schools ($8.3m) and Meba Training Plan ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $790k (12% of expenses). Other salaries and wages came to $2.0m. It paid $19k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $586k, net assets of $9.2m. It reported 31 employees.