St Matthews Music Guild

Analysis

St Matthews Music Guild is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Matthews Music Guild reported income of $449k and spending of $271k, leaving 40% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $209k to $449k (+115%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 145%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Matthews Music Guild sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Cleveland Jewish Publicationcompany Foundation ($449k), Amigos En Cristo Inc ($450k) and Church Music Institute ($449k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 25% of the total. At year end it held assets of $542k against liabilities of $720, net assets of $542k.