Energized for STEM Academy Inc

Analysis

Energized for STEM Academy Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Energized for STEM Academy Inc reported income of $7.2m and spending of $7.5m, spending 104% of its income. Across the 5 years on record, from July 2019 to June 2023, income fell from $8.1m to $7.2m (-11%), an average of -2.8% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Energized for STEM Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Buffalo State College Foundation Inc ($7.2m), Kalamazoo Valley Community College Foundation ($7.2m) and Kipp Tulsa Academy College Preparatory Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 93% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $7.2m against liabilities of $6.8m, net assets of $372k. It reported 47 employees.