ACADEMY OF MATH & SCIENCE INC
Mission Statement
Academy of Math and Science seeks to motivate and inspire students for academic, career and life success through providing an advanced, well-rounded, college-prep education interlaced with habits of mind, character building and 21st century skills. Our vision is that students will: • Develop a thorough foundation in math, science and humanities • Analyze complex texts in a range of disciplines • Propose plausible solutions to problems in all disciplines • Clearly organize and articulate their thoughts • Have a sense of self grounded in real achievements and skills • Be culturally literate, academically competent and serve community to develop individual strengths and interests
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.6% | 84.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
25.4% | 13.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.3 mo | 10.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
75.0% | 34.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.1% | 87.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
5.0% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.0% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.8% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $22.1M | $21.2M | $9.3M | 74.6% | 270 |
| 2022 | $21.0M | $19.5M | $8.7M | 75.3% | 291 |
| 2021 | $18.6M | $16.5M | N/A | — | 241 |
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