The Algebra Project Inc

Analysis

The Algebra Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1992, 34 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 September 2023, The Algebra Project Inc reported income of $842k and spending of $998k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $842k (-27%), an average of -7.6% a year. The sharpest change came in the year to September 2023, when income dropped by 28%. 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, The Algebra Project Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Westwood Involvement Supports Education ($842k), Our Lady of the Hills Regional Catholic High School Inc ($842k) and St Margarets School Foundation ($841k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $397k (40% of expenses). At year end it held assets of $713k against liabilities of $159k, net assets of $554k. It reported 3 employees.