Academy of Math & Science Inc

Analysis

Academy of Math & Science Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in July 2003, 23 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, Academy of Math & Science Inc reported income of $22.1m and spending of $21.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.1m to $22.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Math & Science Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Renaissance Arts and Education Inc ($22.1m), Advanced Functional Fabrics of America Inc ($22.1m) and Greenhills School ($22.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $232k (1.1% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $37.1m against liabilities of $27.8m, net assets of $9.3m. It reported 270 employees.