STEM Next Opportunity Fund

Analysis

STEM Next Opportunity Fund is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 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 December 2023, STEM Next Opportunity Fund reported income of $7.8m and spending of $14.3m, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $7.8m (+213%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Next Opportunity Fund 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 94th percentile within CA. Charities of a similar size with the same main cause include F L Templeton Preparatory Academy Inc ($7.8m), East Mesa Charter Elementary School ($7.8m) and Midtown Community School ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $1.1m (7.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.2m against liabilities of $1.9m, net assets of $4.2m. It reported 23 employees.