Stephenson Technologies Corporation

Analysis

Stephenson Technologies Corporation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Stephenson Technologies Corporation reported income of $5.0m and spending of $6.0m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.9m to $5.0m (-16%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income rose by 146%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stephenson Technologies Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Birmingham Landmarks Inc ($4.9m), Berkeley Society for the Preservation of Traditional Music ($5.0m) and Friends of Bezalel Academy of Arts and Designs Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $91k (1.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.7m against liabilities of $1.2m, net assets of $3.5m. It reported 34 employees.