Clay Mathematics Institute Inc
Clay Mathematics Institute consistently spends more than it earns, drawing down assets, but reports no officer compensation.
EIN: 134025978 · Denver, CO · NTEE: U34 · Updated: 2026-03-28
Is Clay Mathematics Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clay Mathematics Institute Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clay Mathematics Institute Inc
Clay Mathematics Institute Inc (EIN: 134025978) is a nonprofit organization based in Denver, CO, classified under NTEE code U34. The organization reported total revenue of $58.3M and total assets of $49.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clay Mathematics Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clay Mathematics Institute Inc is a major nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $706K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,343,506 |
| Total Assets | $39.6M |
| Total Liabilities | $155K |
| Net Assets | $39.4M |
| Operating Margin | -190.4% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 231.7 months |
Financial Health Grade: B
In 2023, Clay Mathematics Institute Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 231.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.2% | +11.2% | +13.4% |
| 2022 | +1408.7% | +33.6% | -13.0% |
| 2021 | -53.7% | -19.5% | +2.0% |
| 2020 | -69.0% | -7.5% | +3.1% |
| 2019 | -73.8% | -40.4% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clay Mathematics Institute Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Clay Mathematics Institute Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly efficient for an organization with assets ranging from $34 million to $77 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clay Mathematics Institute Inc's IRS 990 filings:
- Consistent operating deficits (e.g., 2023 expenses $2,049,255 vs. revenue $705,749)
- Significant decline in assets over time (from $77,641,087 in 2012 to $39,560,723 in 2023)
Strengths
The following positive indicators were identified for Clay Mathematics Institute Inc:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay
- Substantial asset base ($39,560,723 in 2023) provides financial stability despite operating deficits
- Consistent IRS 990 filing history demonstrates transparency
Frequently Asked Questions about Clay Mathematics Institute Inc
Is Clay Mathematics Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clay Mathematics Institute Inc (EIN: 134025978) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Clay Mathematics Institute Inc spend its money?
Clay Mathematics Institute Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clay Mathematics Institute Inc tax-deductible?
Clay Mathematics Institute Inc is registered as a tax-exempt nonprofit (EIN: 134025978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Clay Mathematics Institute Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $2,049,255 expenses vs. $705,749 revenue in 2023). While it has substantial assets ($39,560,723 in 2023), this trend suggests reliance on drawing down reserves or investment income, which may not be sustainable long-term without a change in revenue generation or expense management.
What is the primary source of funding for Clay Mathematics Institute Inc. given its low reported revenue?
The provided data shows relatively low annual revenue compared to expenses and assets. Given the significant asset base, it's likely that the organization relies heavily on investment income from its endowment to cover operational costs, rather than direct public support or program service revenue, though this cannot be definitively confirmed without full 990 details.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently or falls below reporting thresholds for officers, which is a notable aspect of its financial structure.
Filing History
IRS 990 filing history for Clay Mathematics Institute Inc showing financial trends over 10 years of public records:
Total assets decreased by 32.8% over the same period, from $58.9M to $39.6M. Total functional expenses fell by 24.2%, from $2.7M to $2.0M. In its most recent filing year (2023), Clay Mathematics Institute Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $155K in liabilities against $39.6M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $39.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $706K | $2.0M | $39.6M | $155K | — | View 990 |
| 2022 | $2.6M | $1.8M | $34.9M | $164K | — | View 990 |
| 2021 | $175K | $1.4M | $40.1M | $160K | — | View 990 |
| 2020 | $377K | $1.7M | $39.3M | $1 | — | — |
| 2019 | $1.2M | $1.9M | $38.1M | $1 | — | View 990 |
| 2015 | $4.6M | $3.1M | $42.4M | $1 | — | View 990 |
| 2014 | $995K | $4.0M | $51.3M | $37K | — | View 990 |
| 2013 | $9.3M | $2.1M | $69.3M | $37K | — | View 990 |
| 2012 | $675K | $2.9M | $77.6M | $1 | — | View 990 |
| 2011 | $-58,020 | $2.7M | $58.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $706K, expenses of $2.0M, and assets of $39.6M (revenue -73.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.8M, and assets of $34.9M (revenue +1408.7% year-over-year).
- 2021: Revenue of $175K, expenses of $1.4M, and assets of $40.1M (revenue -53.7% year-over-year).
- 2020: Revenue of $377K, expenses of $1.7M, and assets of $39.3M (revenue -69.0% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.9M, and assets of $38.1M (revenue -73.8% year-over-year).
- 2015: Revenue of $4.6M, expenses of $3.1M, and assets of $42.4M (revenue +366.5% year-over-year).
- 2014: Revenue of $995K, expenses of $4.0M, and assets of $51.3M (revenue -89.3% year-over-year).
- 2013: Revenue of $9.3M, expenses of $2.1M, and assets of $69.3M (revenue +1271.2% year-over-year).
- 2012: Revenue of $675K, expenses of $2.9M, and assets of $77.6M.
- 2011: Revenue of $-58,020, expenses of $2.7M, and assets of $58.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clay Mathematics Institute Inc:
Data Sources and Methodology
This transparency report for Clay Mathematics Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.