Twin Lakes STEM Academy

Analysis

Twin Lakes STEM Academy is a registered charity in United States, based in Brooklyn Ctr, MN. It received its IRS tax-exemption ruling in March 2015, 11 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, Twin Lakes STEM Academy reported income of $3.6m and spending of $4.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.6m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Twin Lakes STEM Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Association of Boarding Schools ($3.6m), Creativity Colaboratory Charter School ($3.6m) and Short Line Safety Institute ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $325k (8.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $13.7m against liabilities of $15.5m, net assets of -$1.8m. It reported 55 employees.