Mu Alpha Theta Educational Foundation Inc

Analysis

Mu Alpha Theta Educational Foundation Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Mu Alpha Theta Educational Foundation Inc reported income of $456k and spending of $482k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $859k to $456k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mu Alpha Theta Educational Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Mundelein Montessori School II Inc ($456k), Booktrails Inc ($456k) and Woodford Christian School ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $9,858 (2.0% of expenses). At year end it held assets of $284k against liabilities of $0, net assets of $284k.