Stemarts Lab

Analysis

Stemarts Lab is a registered charity in United States, based in El Prado, NM. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, 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, Stemarts Lab reported income of $197k and spending of $161k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $197k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stemarts Lab sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NM. Charities of a similar size with the same main cause include Friends of the Ukrainian Bandurists Chorus Inc ($197k), Clark County Historical Society and Howard Steamboat Museum Inc ($197k) and Kalamazoo Book Arts Center ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $95k against liabilities of $1,008, net assets of $94k.