STEM Forward Inc

Analysis

STEM Forward Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 June 2024, STEM Forward Inc reported income of $354k and spending of $296k, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $334k to $354k (+6.0%), an average of +1.2% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, STEM Forward Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include International Accreditation of Counseling Services ($354k), Episcopal Management Corporation of South Salt Lake Inc ($354k) and Transparency Foundation ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $110k (37% of expenses). Other salaries and wages came to $90k. At year end it held assets of $548k against liabilities of $54k, net assets of $494k. It reported 4 employees.