Matthew Twenty-Eight Inc

Analysis

Matthew Twenty-Eight Inc is a registered charity in United States, based in Warne, NC. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Matthew Twenty-Eight Inc reported income of $149k and spending of $222k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $149k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Matthew Twenty-Eight Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Oasis Ministries International & Charitable Society ($149k), Global Seed Savers ($149k) and American Institute of Afghanistan Studies ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $18k. At year end it held assets of $77k against liabilities of $291, net assets of $77k. It reported 1 employees.