Dimatteo Family Charitable Foundation Inc

Analysis

Dimatteo Family Charitable Foundation Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in March 2006, 20 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, Dimatteo Family Charitable Foundation Inc reported income of $57k and spending of $56k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $57k (-8.6%), an average of -8.6% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dimatteo Family Charitable Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include Jubilee Centre USA ($57k), Alsea Community Effort ($57k) and Battelle Energy Alliance LLC Bea Etc ($57k).

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 $1,629 against liabilities of $0, net assets of $1,629.