Mortar Board Inc

Analysis

Mortar Board Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1945, 81 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 2022, Mortar Board Inc reported income of $432k and spending of $514k, spending 119% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $586k to $432k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mortar Board Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Cor Deo Christian Academy ($432k), Privateschoolscholarships Org ($432k) and Literacy Delaware Inc ($432k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $102k (20% of expenses). Other salaries and wages came to $133k. At year end it held assets of $209k against liabilities of $121k, net assets of $88k. It reported 9 employees.