Global Impact STEM Academy

Analysis

Global Impact STEM Academy is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in August 2014, 12 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, Global Impact STEM Academy reported income of $7.3m and spending of $6.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Impact STEM Academy 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 94th percentile within OH. Charities of a similar size with the same main cause include Wayland Academy ($7.3m), Academy Del Sol Inc ($7.3m) and Cincinnati Christian Schools Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $17.7m against liabilities of $5.4m, net assets of $12.3m.