Matthew 25 Inc

Analysis

Matthew 25 Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 June 2023, Matthew 25 Inc reported income of $417k and spending of $324k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $356k to $417k (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matthew 25 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Eastern Cardiothoracic Surgical Society ($417k), National Caucus and Center on Black Aged Housing Services for Mississi ($417k) and Triangle Universities Center for Advanced Studies Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $8,212. At year end it held assets of $2.3m against liabilities of $88k, net assets of $2.2m.