Mathpath

Analysis

Mathpath is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Mathpath reported income of $1.1m and spending of $757k, leaving 29% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $631k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to October 2022, when income rose by 133%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mathpath sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Constituting America Inc ($1.1m), In God We Trust Foundation Inc ($1.1m) and Children First Ceo Kansas Inc ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 16% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $18k (2.4% of expenses). Other salaries and wages came to $191k. At year end it held assets of $2.8m against liabilities of $486, net assets of $2.8m. It reported 28 employees.