STEM From Dance

Analysis

STEM From Dance is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, STEM From Dance reported income of $5.3m and spending of $2.5m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $963k to $5.3m (+452%), an average of +53% a year. The sharpest change came in the year to June 2024, when income rose by 168%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, STEM From Dance 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 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Young Peoples Chorus of New York City Inc ($5.3m), Theatreworks Silicon Valley ($5.3m) and Music Showcase Festivals Inc ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $165k (6.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.1m against liabilities of $32k, net assets of $4.0m.