Matthew2540

Analysis

Matthew2540 is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Matthew2540 reported income of $180k and spending of $103k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $180k (+17%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 142% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Matthew2540 sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Prayer Mentor Inc ($180k), Christ United Ministries ($180k) and Hands to the Plow Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.