Matthews Athletic Recreation Associ

Analysis

Matthews Athletic Recreation Associ is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in September 1969, 57 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 December 2023, Matthews Athletic Recreation Associ reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $692k to $1.3m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matthews Athletic Recreation Associ sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Blue Oak Rescue ($1.3m), Louisiana Mental Health Association ($1.3m) and Hi-Line Home Programs Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 91% of the total. Other salaries and wages came to $143k. At year end it held assets of $896k against liabilities of $104k, net assets of $792k. It reported 9 employees.