STEM Alliance of Larchmont-Mamaroneck Inc

Analysis

STEM Alliance of Larchmont-Mamaroneck Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, STEM Alliance of Larchmont-Mamaroneck Inc reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $577k to $2.6m (+351%), an average of +46% a year. The sharpest change came in the year to August 2021, when income rose by 211%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, STEM Alliance of Larchmont-Mamaroneck Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Don Moyer Boys & Girls Club ($2.6m), Fullmer Legacy Foundation ($2.6m) and Urbanpromise Charlotte ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $80k (3.3% of expenses). Other salaries and wages came to $1.3m. It paid $20k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $763k, net assets of $878k. It reported 129 employees.