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 October 1945, 81 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Mortar Board Inc reported income of $52k and spending of $66k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $147k to $52k (-65%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mortar Board Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Mendon Foundation Inc ($52k), Friends of Freshpond Inc ($52k) and PTA New York Congress ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 0.9% of the total. Other salaries and wages came to $1,085. At year end it held assets of $646k against liabilities of $0, net assets of $646k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.