DC Summer STEM Academy Inc

Analysis

DC Summer STEM Academy Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2021, DC Summer STEM Academy Inc reported income of $114k and spending of $127k, spending 111% of what it took in. Across the 2 years on record, from December 2019 to December 2021, income grew from $61k to $114k (+88%), an average of +88% a year. The sharpest change came in the year to December 2021, when income rose by 88%. 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, DC Summer STEM Academy Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Ray E Martin Memorial Fund ($114k), Telugu Association of San Antonio ($114k) and Washington Baptist Seminary ($114k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $79k (62% of expenses). Other salaries and wages came to $20k. At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 2 employees.