STEM Advancement Inc

Analysis

STEM Advancement Inc is a registered charity in United States, based in Pinola, MS. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, STEM Advancement Inc reported income of $163k and spending of $136k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $163k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, STEM Advancement Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include Friends of the South Pasadena Public Library Inc ($163k), Regional Medical Center Foundation ($163k) and Dumas Area Meals on Wheels Inc ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $45k against liabilities of $676, net assets of $44k.