Math Corps

Analysis

Math Corps is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2018, 8 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, Math Corps reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $1.2m (+360%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 163%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Math Corps sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Food for Thought Outreach Inc ($1.2m), Mesa County Public Library Foundation Inc ($1.2m) and Everylibrary Institute NFP ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $145k (11% of expenses). Other salaries and wages came to $156k. At year end it held assets of $916k against liabilities of $651, net assets of $916k. It reported 6 employees.