Matan Inc

Analysis

Matan Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Matan Inc reported income of $748k and spending of $559k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $484k to $748k (+54%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matan Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Disabled Information Awareness & Living ($748k), Fourth Street Daycare Center Inc ($748k) and Just Kids Child Development Center ($748k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $226k. It paid $63k in professional fundraising fees. At year end it held assets of $742k against liabilities of $17k, net assets of $725k. It reported 6 employees.