Society for Industrial and Applied Mathematics

Analysis

Society for Industrial and Applied Mathematics is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1953, 73 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Society for Industrial and Applied Mathematics reported income of $15.4m and spending of $15.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $15.4m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Industrial and Applied Mathematics sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Portland Museum of Art ($15.4m), Ayn Rand Institute the Center for the Advancement of Objectivism ($15.5m) and Berkeley Repertory Theatre ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $731k (4.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $56.6m against liabilities of $9.9m, net assets of $46.7m. It reported 92 employees.