Matrix Human Services

Analysis

Matrix Human Services is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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 November 2023, Matrix Human Services reported income of $57.3m and spending of $56.7m, spending 99% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $43.1m to $57.3m (+33%), an average of +7.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matrix Human Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include William Jessup University ($57.2m), Illinois Action for Children ($57.6m) and Boston Senior Home Care Inc ($57.2m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 81% and program service revenue 0.6% of the total. Other salaries and wages came to $22.2m. At year end it held assets of $24.1m against liabilities of $11.1m, net assets of $13.0m. It reported 549 employees.