Bio-Med Science Academy STEM School

Analysis

Bio-Med Science Academy STEM School is a registered charity in United States, based in Rootstown, 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, Bio-Med Science Academy STEM School reported income of $9.7m and spending of $10.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $9.7m (-53%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bio-Med Science Academy STEM School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Houston Academy of Medicine ($9.7m), Bold Charter School ($9.7m) and Pennsylvania Association Ofintermediate Units ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. At year end it held assets of $31.8m against liabilities of $6.4m, net assets of $25.4m.