Transcend STEM Education

Analysis

Transcend STEM Education is a registered charity in United States, based in Coppell, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Transcend STEM Education reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $2.4m (+521%), an average of +58% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transcend STEM Education sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Mind Shift ($2.4m), Northeast Indiana Innovation Center ($2.4m) and Fairbanks Pipeline Training Center Trust ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $39k (1.7% of expenses). Other salaries and wages came to $39k. At year end it held assets of $75k against liabilities of $0, net assets of $75k.