Minnesota Math and Science Academy

Analysis

Minnesota Math and Science Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2014, 12 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, Minnesota Math and Science Academy reported income of $10.0m and spending of $8.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $10.0m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Math and Science Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Harambee Institute Science and Technology Charter ($10.0m), Arizona School for the Arts ($10.0m) and Harding Charter Preparatory School District ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $5.6m against liabilities of $6.6m, net assets of -$1.1m. It reported 144 employees.