Somerville Mathematics Fund Inc

Analysis

Somerville Mathematics Fund Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in February 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, Somerville Mathematics Fund Inc reported income of $88k and spending of $79k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $88k (-0.5%), an average of -0.5% a year. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerville Mathematics Fund Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Untamed Science Inc ($88k), Captains Endowment Association Scholarship Fund Inc ($88k) and Redwood Foundation Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $236k against liabilities of $98k, net assets of $138k.