The Mattress Factory

Analysis

The Mattress Factory is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Mattress Factory reported income of $2.2m and spending of $2.6m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.2m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Mattress Factory sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Rancho Los Alamitos Foundation ($2.2m), Holland Tulip Time Festival Inc ($2.2m) and Montgomery Museum of Fine Arts Association ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $115k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.3m against liabilities of $750k, net assets of $5.5m. It reported 51 employees.