The Matthews House

Analysis

The Matthews House is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in February 2006, 20 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 December 2022, The Matthews House reported income of $2.6m and spending of $2.7m, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $2.6m (+16%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Matthews House sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Texas New Community Alliance ($2.6m), Socially Responsible Agriculture Project Inc ($2.6m) and New Politics Leadership Academy Inc ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $90k (3.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.8m against liabilities of $715k, net assets of $1.1m. It reported 84 employees.