STEM Equity Initiative Inc

Analysis

STEM Equity Initiative Inc is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in March 2019, 7 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 June 2024, STEM Equity Initiative Inc reported income of $181k and spending of $159k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $139k to $181k (+30%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STEM Equity Initiative Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Academy Advisory Board Inc ($181k), Baldwin Public Library Trust ($181k) and Rockingham County Education Foundation ($181k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.