Midlands STEM Charter School

Analysis

Midlands STEM Charter School is a registered charity in United States, based in Winnsboro, SC. It received its IRS tax-exemption ruling in June 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, Midlands STEM Charter School reported income of $2.9m and spending of $3.1m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midlands STEM Charter School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Bais Medrash Toras Chesed Inc ($2.9m), We Win Institute Inc ($2.9m) and Southern Tier Library System ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $111k (3.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $693k against liabilities of $65k, net assets of $628k. It reported 62 employees.