New York Math Circle Inc

Analysis

New York Math Circle Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2009, 17 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, New York Math Circle Inc reported income of $241k and spending of $304k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $451k to $241k (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Math Circle Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Sioux City Public Schools Foundation ($241k), Harvardwood ($241k) and Leadership Education Mission for Africa - Lema Institute ($241k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $83k (27% of expenses). Other salaries and wages came to $152k. At year end it held assets of $385k against liabilities of $104k, net assets of $281k. It reported 19 employees.