STEM Connection

Analysis

STEM Connection is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, STEM Connection reported income of $861k and spending of $575k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $861k (+291%), an average of +58% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, STEM Connection sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Boys and Girls Club of Freeport & Stephenson County ($860k), Santa Clarita Valley Soccer Association ($861k) and Friends of Camp Gallagher ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $83k (14% of expenses). Other salaries and wages came to $217k. It paid $13k in professional fundraising fees. At year end it held assets of $476k against liabilities of $4,283, net assets of $472k. It reported 22 employees.