Redding STEM Academy

Analysis

Redding STEM Academy is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Redding STEM Academy reported income of $4.1m and spending of $3.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.1m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redding STEM Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Childrens Beach House Inc ($4.1m), Stepping Stones of Dunn County Inc ($4.1m) and Judah Christian High School ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $96k (2.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.7m against liabilities of $339k, net assets of $2.4m. It reported 69 employees.