Summit for STEM Cell Foundation

Analysis

Summit for STEM Cell Foundation is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Summit for STEM Cell Foundation reported income of $73k and spending of $103k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $73k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit for STEM Cell Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include United Workers for the Blind of Missouri ($73k), Hospital Central Services Inc ($73k) and Bockus International Society of Gastroenterology Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $234k against liabilities of $1,551, net assets of $233k.