Isteam Academy Inc

Analysis

Isteam Academy Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Isteam Academy Inc reported income of $264k and spending of $265k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $264k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Isteam Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Kleberg Kenedy County Junior Livestock Show Association Inc ($264k), Jca Preschool Inc ($264k) and Safe Harbour Domestic Violence Shelter Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (4.6% of expenses). Other salaries and wages came to $65k. At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 3 employees.