Matthews Ministry Inc

Analysis

Matthews Ministry Inc is a registered charity in United States, based in Southport, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Matthews Ministry Inc reported income of $443k and spending of $245k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $323k to $443k (+37%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthews Ministry Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Church Community Outreach Services Inc ($443k), Monroe Street Neighborhood Center ($443k) and Haddis Ministries Incorporated ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $42k. At year end it held assets of $792k against liabilities of $2,785, net assets of $789k. It reported 1 employees.