NC STEM Academy

Analysis

NC STEM Academy is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, NC STEM Academy reported income of $86k and spending of $85k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $86k (-4.1%), an average of -4.1% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NC STEM Academy sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Berkshire Childrens Chorus Inc ($86k), PS Foundation for the Arts ($86k) and Two Rivers Gallery ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,700 against liabilities of $0, net assets of $2,700.