STEM Preparatory Academy

Analysis

STEM Preparatory Academy is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, STEM Preparatory Academy reported income of $18.1m and spending of $17.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $18.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Preparatory Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Heritage Academy Inc ($18.1m), Luzerne County Head Start Inc ($18.1m) and Naval War College Foundation Inc ($18.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $222k (1.3% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $21.1m against liabilities of $10.9m, net assets of $10.2m. It reported 163 employees.