Matthew Foster Foundation

Analysis

Matthew Foster Foundation is a registered charity in United States, based in Elma, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Matthew Foster Foundation reported income of $127k and spending of $93k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $127k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matthew Foster Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include The McLaughlin Charitable Foundation Inc ($127k), Cars for Charities Co ($127k) and Imani Pearls Community Development Foundation ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.