Project Impact STEM Academy Inc

Analysis

Project Impact STEM Academy Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in December 2017, 9 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 2024, Project Impact STEM Academy Inc reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $3.3m (+76%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Impact STEM Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include Raleigh Oak Charter School ($3.3m), Roessler-Chadwick Foundation Group ($3.3m) and Yonkers Partners in Education Inc ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (3.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $904k against liabilities of $1.6m, net assets of -$702k. It reported 54 employees.