Center for Mathematics and Teachinginc

Analysis

Center for Mathematics and Teachinginc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in April 2008, 18 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 December 2023, Center for Mathematics and Teachinginc reported income of $335k and spending of $386k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $335k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 2640%. Over the whole period it spent 219% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Mathematics and Teachinginc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Assist Academy ($335k), Betterlearning Inc ($335k) and Norwalk Athletic Booster Club ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $232k (60% of expenses). Other salaries and wages came to $33k. At year end it held assets of $455k against liabilities of $889k, net assets of -$434k. It reported 5 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.