Xtramath

Analysis

Xtramath is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2010, 16 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, Xtramath reported income of $1.2m and spending of $1.0m, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $641k to $1.2m (+94%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 165%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Xtramath sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Childrens Tree Montessori Inc ($1.2m), Shekinah Christian School Inc ($1.2m) and Giant Steps of St Louis Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $151k (15% of expenses). Other salaries and wages came to $426k. At year end it held assets of $815k against liabilities of $17, net assets of $815k. It reported 5 employees.