Charles T Chuck Mathena II Foundation Inc

Analysis

Charles T Chuck Mathena II Foundation Inc is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Charles T Chuck Mathena II Foundation Inc reported income of $1.8m and spending of $1.3m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charles T Chuck Mathena II Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within WV. Charities of a similar size with the same main cause include Our Lady of Mercy School of Madison Inc ($1.8m), Cobell Board of Trustees ($1.8m) and Jackson Academy Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $145k. At year end it held assets of $9.8m against liabilities of $3.1m, net assets of $6.7m. It reported 4 employees.