Maxmath Tutoring Online and Formal Inc

Analysis

Maxmath Tutoring Online and Formal Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Maxmath Tutoring Online and Formal Inc reported income of $207k and spending of $161k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $207k (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maxmath Tutoring Online and Formal Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Bitterroot Public Library Foundation Inc ($207k), Friends of SWS ($207k) and Early Learning Partnership of ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $207k against liabilities of $161k, net assets of $46k. It reported 1 employees.