John and David Matthews Retirement Center Inc II

Analysis

John and David Matthews Retirement Center Inc II is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, John and David Matthews Retirement Center Inc II reported income of $427k and spending of $394k, spending 92% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $418k to $427k (+2.1%), an average of +1.0% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, John and David Matthews Retirement Center Inc II sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include FC Mission Plaza Inc ($427k), Sherman Glen Inc ($427k) and North Texas Fair Housing Center ($427k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$453k.