Mathpath
Mathpath consistently generates significant surpluses and has zero reported officer compensation.
EIN: 201290489 · Grand Rapids, MI · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $892K |
| Total Expenses | $757K |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 95/100 |
Is Mathpath Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mathpath directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mathpath
Mathpath (EIN: 201290489) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code B28. The organization reported total revenue of $892K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mathpath's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mathpath is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $757K |
| Surplus / Deficit | +$309K |
| Total Assets | $2.8M |
| Total Liabilities | $486 |
| Net Assets | $2.8M |
| Operating Margin | 29.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 44.1 months |
Financial Health Grade: A
In 2023, Mathpath reported a surplus of $309K with revenue exceeding expenses, holds 44.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mathpath's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | +22.8% | +7.1% |
| 2022 | +132.7% | +105.3% | +15.9% |
| 2021 | -14.0% | +49.7% | +27.0% |
| 2020 | -2.5% | -53.9% | +38.1% |
| 2019 | -22.1% | -14.2% | +24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Mathpath with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mathpath allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $309K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Mathpath reports 0% officer compensation across all available filings, indicating that its executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and revenue.
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 Mathpath's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data, making precise efficiency calculations difficult.
Strengths
The following positive indicators were identified for Mathpath:
- Consistent generation of significant financial surpluses (e.g., $309,161 in 2023, $615,591 in 2022).
- Rapid and sustained growth in net assets, from $255,229 in 2014 to $2,783,622 in 2023.
- Extremely low liabilities across all reporting periods, indicating strong financial stability and minimal debt.
- 0% reported officer compensation, suggesting high dedication of resources to programs.
- Strong revenue growth over the past decade, demonstrating increasing support and impact.
Frequently Asked Questions about Mathpath
Is Mathpath a legitimate charity?
Based on AI analysis of IRS 990 filings, Mathpath (EIN: 201290489) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Mathpath spend its money?
Mathpath directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mathpath tax-deductible?
Mathpath is registered as a tax-exempt nonprofit (EIN: 201290489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mathpath's spending goes to programs?
Mathpath directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mathpath compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Mathpath is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mathpath located?
Mathpath is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 201290489. It is classified under NTEE code B28.
How many years of IRS 990 filings does Mathpath have?
Mathpath has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $892K in total revenue.
Is Mathpath a good charity?
Based on its financial data, Mathpath appears to be a very good charity. It consistently generates surpluses, has rapidly growing assets, and reports no officer compensation, suggesting high efficiency and dedication to its mission.
How has Mathpath's financial health changed over time?
Mathpath's financial health has significantly improved over time. Its assets have grown from $255,229 in 2014 to $2,783,622 in 2023, and it consistently maintains a healthy surplus, indicating strong financial management and growth.
What is Mathpath's approach to executive compensation?
Mathpath reports 0% officer compensation in all available IRS 990 filings, which is a highly unusual and positive indicator of resource allocation directly to its mission rather than executive salaries.
Filing History
IRS 990 filing history for Mathpath showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mathpath's revenue has grown by 135.7%, moving from $452K to $1.1M. Total assets increased by 1247.2% over the same period, from $207K to $2.8M. Total functional expenses rose by 78.9%, from $423K to $757K. In its most recent filing year (2023), Mathpath reported a surplus of $309K, with revenue exceeding expenses. The organization holds $486 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $757K | $2.8M | $486 | — | View 990 |
| 2022 | $1.2M | $616K | $2.6M | $2K | — | View 990 |
| 2021 | $529K | $300K | $2.2M | $1K | — | View 990 |
| 2020 | $616K | $201K | $1.8M | $4K | — | View 990 |
| 2019 | $631K | $435K | $1.3M | $1K | — | View 990 |
| 2018 | $810K | $506K | $1.0M | $3K | — | View 990 |
| 2017 | $786K | $494K | $721K | $2K | — | — |
| 2016 | $553K | $448K | $427K | $61 | — | View 990 |
| 2015 | $565K | $465K | $332K | $9K | — | View 990 |
| 2014 | $487K | $519K | $255K | $33K | — | View 990 |
| 2013 | $477K | $415K | $276K | $22K | — | View 990 |
| 2012 | $468K | $428K | $218K | $25K | — | View 990 |
| 2011 | $452K | $423K | $207K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $757K, and assets of $2.8M (revenue -13.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $616K, and assets of $2.6M (revenue +132.7% year-over-year).
- 2021: Revenue of $529K, expenses of $300K, and assets of $2.2M (revenue -14.0% year-over-year).
- 2020: Revenue of $616K, expenses of $201K, and assets of $1.8M (revenue -2.5% year-over-year).
- 2019: Revenue of $631K, expenses of $435K, and assets of $1.3M (revenue -22.1% year-over-year).
- 2018: Revenue of $810K, expenses of $506K, and assets of $1.0M (revenue +3.0% year-over-year).
- 2017: Revenue of $786K, expenses of $494K, and assets of $721K (revenue +42.3% year-over-year).
- 2016: Revenue of $553K, expenses of $448K, and assets of $427K (revenue -2.2% year-over-year).
- 2015: Revenue of $565K, expenses of $465K, and assets of $332K (revenue +16.1% year-over-year).
- 2014: Revenue of $487K, expenses of $519K, and assets of $255K (revenue +2.1% year-over-year).
- 2013: Revenue of $477K, expenses of $415K, and assets of $276K (revenue +1.8% year-over-year).
- 2012: Revenue of $468K, expenses of $428K, and assets of $218K (revenue +3.5% year-over-year).
- 2011: Revenue of $452K, expenses of $423K, and assets of $207K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mathpath:
Data Sources and Methodology
This transparency report for Mathpath 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.