Portsmouth STEM Academy

Analysis

Portsmouth STEM Academy is a registered charity in United States, based in Portsmouth, OH. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Portsmouth STEM Academy reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 6 years on record, from July 2019 to June 2024, income grew from $1.2m to $1.9m (+57%), an average of +9.5% a year. The sharpest change came in the year to July 2022, when income rose by 66%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portsmouth STEM Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include James Madison Preparatory High School Inc ($1.9m), Hope Creek Academy Inc ($1.9m) and Mirabeau Family Learning Center Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 82% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.5m against liabilities of $1.4m, net assets of $3.1m. It reported 32 employees.