Materials & Applications

Analysis

Materials & Applications is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 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 June 2023, Materials & Applications reported income of $60k and spending of $47k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $16k to $60k (+278%), an average of +278% a year. The sharpest change came in the year to June 2023, when income rose by 278%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Materials & Applications sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include India Childrens Ministries ($60k), Pantagraph Goodfellow Fund ($60k) and Melven O Kuder Senior Center Association ($60k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.