Math Circles of Chicago

Analysis

Math Circles of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2012, 14 years ago. 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 June 2024, Math Circles of Chicago reported income of $855k and spending of $800k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $285k to $855k (+200%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Math Circles of Chicago sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Humane Society of Oldham County Inc ($855k), Plumbers & Pipefitters ($855k) and Habitat for Humanity International Inc ($855k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (13% of expenses). Other salaries and wages came to $261k. At year end it held assets of $410k against liabilities of $0, net assets of $410k. It reported 5 employees.