Matthew 25 Ministries

Analysis

Matthew 25 Ministries is a registered charity in United States, based in Harmony, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Matthew 25 Ministries reported income of $72k and spending of $109k, spending 152% of what it took in. Across the 2 years on record, from February 2023 to February 2024, income fell from $154k to $72k (-53%), an average of -53% a year. The sharpest change came in the year to February 2024, when income dropped by 53%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthew 25 Ministries sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include McCook Pantry Inc ($72k), Living Out 318 Ministries ($72k) and Hunlock Creek Volunteer Fire Company ($72k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $465k against liabilities of $195, net assets of $465k. It reported 1 employees.