STEM Steps Inc

Analysis

STEM Steps Inc is a registered charity in United States, based in Gibsonia, PA. It received its IRS tax-exemption ruling in December 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 December 2022, STEM Steps Inc reported income of $802k and spending of $682k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $590k to $802k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Steps Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Start Lighthouse ($801k), Todays Students Coalition ($802k) and Casa Italiana Language School Inc ($801k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $179k (26% of expenses). Other salaries and wages came to $333k. At year end it held assets of $200k against liabilities of $8,685, net assets of $191k. It reported 17 employees.