Dr R W Goines STEM Academy

Analysis

Dr R W Goines STEM Academy is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2023, Dr R W Goines STEM Academy reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $718k to $1.4m (+98%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dr R W Goines STEM Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include S & H Products ($1.4m), Great Education Colorado ($1.4m) and Georgia Partnership for Excellence in Education Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $715k. At year end it held assets of $65k against liabilities of $99k, net assets of -$34k. It reported 25 employees.