Foundation for Science and Math Education Inc

Analysis

Foundation for Science and Math Education Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Foundation for Science and Math Education Inc reported income of $284k and spending of $481k, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $284k (-81%), an average of -34% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Science and Math Education Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Elevate Dallas ($284k), Libraries of Foster Inc ($284k) and Tennessee Music Education Association ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1.2m against liabilities of $195k, net assets of $1.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.