Michael Matters Foundation Inc

Analysis

Michael Matters Foundation Inc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Michael Matters Foundation Inc reported income of $133k and spending of $64k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $174k to $133k (-23%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michael Matters Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Floyd County Life Saving and First Aid Squad Incorporated ($133k), Son Focused Ministries Inc ($133k) and Bounce Out the Stigma Project Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $124k against liabilities of $45, net assets of $124k.