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 2023, Mortar Board Inc reported income of $171k and spending of $246k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $260k to $171k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 75% 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 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Beta Lambda Educational Foundation ($171k), Aransas Pass for Youth Inc ($171k) and Covenant Community School Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $17k. At year end it held assets of $3.3m against liabilities of $102k, net assets of $3.2m.