Matrix Performing Arts

Analysis

Matrix Performing Arts is a registered charity in United States, based in New Phila, OH. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Matrix Performing Arts reported income of $211k and spending of $234k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $190k to $211k (+11%), an average of +11% a year. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matrix Performing Arts sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Combatant Craft Crewman Association Inc ($211k), Groundworks New Mexico ($212k) and Destiny Builders Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 8.6% of the total. At year end it held assets of $6,625 against liabilities of $37k, net assets of -$30k.