Russian Saint Matrona Foundation Corporation

Analysis

Russian Saint Matrona Foundation Corporation is a registered charity in United States, based in Dania, FL. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russian Saint Matrona Foundation Corporation reported income of $332k and spending of $402k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $332k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Russian Saint Matrona Foundation Corporation 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 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Quad City Hindu Temple ($332k), Raccoon River Bible Conference ($333k) and Singh Sabha of Michigan ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.8m against liabilities of $649k, net assets of $1.1m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.