National STEM Cell Foundation Inc

Analysis

National STEM Cell Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, National STEM Cell Foundation Inc reported income of $1.3m and spending of $1.7m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.3m (-44%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, National STEM Cell Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Counter Tools ($1.3m), Communication Services for the Deaf and Hard of Hearing Inc ($1.3m) and Georgia Alliance for Breast Cancer Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $118k (7.2% of expenses). Other salaries and wages came to $47k. At year end it held assets of $7.7m against liabilities of $702k, net assets of $7.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.