Matriculate Inc

Analysis

Matriculate Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2016, 10 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, Matriculate Inc reported income of $3.6m and spending of $5.7m, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.9m to $3.6m (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 586%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matriculate Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Brooklyn Montessori Ltd ($3.6m), Y W C a of the Mohawk Valley ($3.6m) and Angel Reach ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $537k (9.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $18.4m against liabilities of $285k, net assets of $18.1m.