Industry Initiatives for Science and Math Education

Analysis

Industry Initiatives for Science and Math Education is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 May 2023, Industry Initiatives for Science and Math Education reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $801k to $1.6m (+94%), an average of +18% a year. The sharpest change came in the year to May 2020, when income rose by 139%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Industry Initiatives for Science and Math Education sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include HVS Corp ($1.6m), Ferguson Charitable Foundation ($1.6m) and Cristo Rey Fort Worth Study Program Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $193k (16% of expenses). Other salaries and wages came to $380k. At year end it held assets of $1.5m against liabilities of $50k, net assets of $1.4m. It reported 13 employees.