Matrix Ministries Corp

Analysis

Matrix Ministries Corp is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in April 2010, 16 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 2024, Matrix Ministries Corp reported income of $168k and spending of $127k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $103k to $168k (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matrix Ministries Corp sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Write253 ($168k), Aces Education Foundation Inc ($168k) and Risen Savior Missions ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $46k (36% of expenses). At year end it held assets of $122k against liabilities of $937, net assets of $121k. It reported 1 employees.