STEM Library Lab

Analysis

STEM Library Lab is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, STEM Library Lab reported income of $624k and spending of $551k, spending 88% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $243k to $624k (+157%), an average of +60% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, STEM Library Lab sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Assuaged Foundation Inc ($624k), Society of St Vincent de Paul Diocesan Council of San Diego ($624k) and Grandview Assistance Program ($624k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $298k (54% of expenses). At year end it held assets of $419k against liabilities of $40k, net assets of $379k. It reported 6 employees.