Matthew 25

Analysis

Matthew 25 is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Matthew 25 reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $899k to $2.2m (+146%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 194%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthew 25 sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Multi-Purpose Community Action Agency Inc ($2.2m), Hospice of Jackson County Inc ($2.2m) and R a I N Total Care Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $155k (7.0% of expenses). Other salaries and wages came to $913k. At year end it held assets of $5.2m against liabilities of $1.1m, net assets of $4.1m. It reported 62 employees.