Bstem Project Foundation

Analysis

Bstem Project Foundation is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2020, Bstem Project Foundation reported income of $64k and spending of $56k, spending 88% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $126k to $64k (-50%), an average of -50% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bstem Project Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Regents of the University of Minnesota ($64k), Butte County Youth Sports and Education Foundation ($64k) and Gate Youth Center ($64k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (32% of expenses). At year end it held assets of $19k against liabilities of $0, net assets of $19k.