Math and Science Academy

Analysis

Math and Science Academy is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Math and Science Academy reported income of $6.7m and spending of $6.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $6.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Math and Science Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Edison School of the Arts Inc ($6.7m), Durham Technical Community College Foundation Inc ($6.7m) and Morris Brown College ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $535k (8.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.8m against liabilities of $4.9m, net assets of -$65k. It reported 141 employees.