STEM Paths Innovation Network

Analysis

STEM Paths Innovation Network is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, STEM Paths Innovation Network reported income of $1.1m and spending of $969k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $1.1m (+165%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Paths Innovation Network sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Cutwater Maritime Educational Services ($1.1m), Journalistic Learning Initiative ($1.1m) and Filomen M Dagostino Greenberg Music School Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $185k (19% of expenses). Other salaries and wages came to $420k. It paid $19k in professional fundraising fees. At year end it held assets of $563k against liabilities of $17k, net assets of $546k. It reported 34 employees.