Matco Industries Inc

Analysis

Matco Industries Inc is a registered charity in United States, based in London, OH. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Matco Industries Inc reported income of $483k and spending of $410k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $483k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 810%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Matco Industries Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include A Glimpse of Africa ($483k), Rotary Club of Toms River Charitable Foundation Inc ($483k) and Fw4k Enterprise Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% of the total. Compensation of current officers, directors and key employees was $113k (28% of expenses). At year end it held assets of $1.4m against liabilities of $366k, net assets of $1.0m. It reported 61 employees.