Carol Matheys Center for Children and Families Inc

Analysis

Carol Matheys Center for Children and Families Inc is a registered charity in United States, based in Oakdale, MN. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Carol Matheys Center for Children and Families Inc reported income of $618k and spending of $538k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $645k to $618k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carol Matheys Center for Children and Families Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Atlanta Childrens Foundation Inc ($617k), Bellas Angels Inc ($618k) and Divine Providence Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $78k (14% of expenses). Other salaries and wages came to $271k. At year end it held assets of $938k against liabilities of $242k, net assets of $695k. It reported 21 employees.