Institute of Mathematical Statistics

Analysis

Institute of Mathematical Statistics is a registered charity in United States, based in Waite Hill, OH. It received its IRS tax-exemption ruling in October 1949, 77 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Institute of Mathematical Statistics reported income of $3.0m and spending of $2.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Mathematical Statistics sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Longue Vue House and Gardens Corporation ($3.0m), Public Media Institute ($3.0m) and Notes for Notes Incorporated ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $205k (8.7% of expenses). At year end it held assets of $15.0m against liabilities of $1.9m, net assets of $13.1m. It reported 1 employees.