Mathcounts Foundation

Analysis

Mathcounts Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1986, 40 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 July 2023, Mathcounts Foundation reported income of $2.7m and spending of $3.1m, spending 117% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.8m to $2.7m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to July 2023, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mathcounts Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include LA Salle Charter Schools Inc ($2.7m), North County Christian School ($2.7m) and San Francisco Schoolhouse ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 55% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $257k (8.2% of expenses). Other salaries and wages came to $851k. At year end it held assets of $6.2m against liabilities of $693k, net assets of $5.5m. It reported 11 employees.