Mature Resources Foundation

Analysis

Mature Resources Foundation is a registered charity in United States, based in Curwensville, PA. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, Mature Resources Foundation reported income of $849k and spending of $486k, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $204k to $849k (+317%), an average of +61% a year. The sharpest change came in the year to June 2021, when income rose by 229%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mature Resources Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include The Koby Mandell Foundation Inc ($849k), Woodward Community Foundation ($850k) and Bridge Fund ($848k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $324k. At year end it held assets of $6.0m against liabilities of $2.6m, net assets of $3.4m. It reported 5 employees.