Mather Homestead Foundation Inc

Analysis

Mather Homestead Foundation Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mather Homestead Foundation Inc reported income of $358k and spending of $415k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $450k to $358k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mather Homestead Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Kenya Diaspora Media ($357k), Statement Arts Inc ($358k) and Rochester Symphony Orchestra & Chorale ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $87k. At year end it held assets of $5.0m against liabilities of $49k, net assets of $5.0m. It reported 3 employees.