STEM Academy Inc

Analysis

STEM Academy Inc is a registered charity in United States, based in Brookfield, WI. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, STEM Academy Inc reported income of $1.9m and spending of $902k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $763k to $1.9m (+154%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Ready Readers ($1.9m), Helping Ourselves Prevent Emergencies ($1.9m) and Young Mens Educational Network ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.8% of the total. Other salaries and wages came to $357k. At year end it held assets of $2.7m against liabilities of $154k, net assets of $2.6m. It reported 6 employees.