Illinois Math Academy NFP

Analysis

Illinois Math Academy NFP is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 2017, 9 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, Illinois Math Academy NFP reported income of $61k and spending of $59k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $61k (+78%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 270%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Math Academy NFP sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Friends of the University of Michigan Gilbert and Sullivan ($61k), Dyess Spouses Charitable Association Inc ($61k) and Whittier School Parent Teacher Organization PTO ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $24k. At year end it held assets of $28k against liabilities of $4,331, net assets of $23k.