Mathematical Olympiads for Elementary School Inc

Analysis

Mathematical Olympiads for Elementary School Inc is a registered charity in United States, based in Bellmore, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2019, Mathematical Olympiads for Elementary School Inc reported income of $975k and spending of $1.0m, spending 104% of its income. Across the 3 years on record, from June 2017 to June 2019, income fell from $1.0m to $975k (-3.6%), an average of -1.8% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mathematical Olympiads for Elementary School Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Al-Rasheed Academy ($975k), Great Lakes Community Alliance Inc ($975k) and Fairbanks Montessori Association Inc ($975k).

On its Form 990 for the period ending June 2019, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $103k (10% of expenses). Other salaries and wages came to $265k. At year end it held assets of $102k against liabilities of $0, net assets of $102k. It reported 6 employees.