Friends of Matenwa Inc

Analysis

Friends of Matenwa Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 2011, 15 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 2024, Friends of Matenwa Inc reported income of $691k and spending of $910k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $959k to $691k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Matenwa Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Elevation Worldwide Foundation ($691k), Brazilian American Center - Brace ($691k) and Jefferson County Family Resource Center Inc ($691k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $82k (9.0% of expenses). Other salaries and wages came to $43k. At year end it held assets of $1.4m against liabilities of $29k, net assets of $1.3m. It reported 4 employees.