Cannon River STEM School

Analysis

Cannon River STEM School is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Cannon River STEM School reported income of $3.5m and spending of $4.5m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.5m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cannon River STEM School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Fishburne-Hudgins Educational Foundation ($3.5m), Ednavigator Inc ($3.5m) and Access Charter School ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $302k (6.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.9m against liabilities of $5.9m, net assets of -$2.0m. It reported 54 employees.