Proyecto Matria Inc

Analysis

Proyecto Matria Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Proyecto Matria Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $969k to $1.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Proyecto Matria Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 72nd percentile within PR. Charities of a similar size with the same main cause include Childrens Recovery Center Inc ($1.1m), Service Center for Independent Life ($1.1m) and Imani Family Center ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (11% of expenses). Other salaries and wages came to $426k. At year end it held assets of $558k against liabilities of $96k, net assets of $463k. It reported 27 employees.