Greater New Orleans STEM Initiative Inc

Analysis

Greater New Orleans STEM Initiative Inc is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater New Orleans STEM Initiative Inc reported income of $203k and spending of $282k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $203k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater New Orleans STEM Initiative Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Puma Athletic Boosters ($203k), Parent Booster USA Inc ($203k) and New Vision Aviation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. Other salaries and wages came to $111k. At year end it held assets of $649k against liabilities of $204, net assets of $649k. It reported 2 employees.