Matthews House Ministry

Analysis

Matthews House Ministry is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2009, 17 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 December 2023, Matthews House Ministry reported income of $698k and spending of $488k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $698k (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthews House Ministry sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Outdoor Dream Foundation ($698k), Disability Resource Center ($698k) and Action Network ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $42k (8.7% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.1m against liabilities of $39k, net assets of $1.0m. It reported 6 employees.