Friends of Matheny

Analysis

Friends of Matheny is a registered charity in United States, based in Peapack, NJ. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 June 2023, Friends of Matheny reported income of $131k and spending of $133k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $128k to $131k (+2.7%), an average of +2.7% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Matheny sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Los Olivos Senior Center Assoc Inc ($131k), PTA Texas Congress ($131k) and Nashville Scottish Rite Foundation Inc ($131k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.8% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.