Matanyas Hope

Analysis

Matanyas Hope is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Matanyas Hope reported income of $326k and spending of $209k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $339k to $326k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matanyas Hope sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Alpha Phi Delta Foundation Inc ($326k), State Education Agency Directors of Arts Education ($326k) and Choose Aerospace Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $240k against liabilities of $306, net assets of $240k.