Utah STEM Foundation Inc

Analysis

Utah STEM Foundation Inc is a registered charity in United States, based in South Salt Lake City, UT. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Utah STEM Foundation Inc reported income of $586k and spending of $689k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $586k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah STEM Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Outdoor Nursery School Inc ($586k), Heart of Mary School ($587k) and Laces of Love Charitable Foundation Inc ($586k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 2 employees.