Matthias Academy Corporation

Analysis

Matthias Academy Corporation is a registered charity in United States, based in Benet Lake, WI. It received its IRS tax-exemption ruling in October 2018, 8 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, Matthias Academy Corporation reported income of $4.7m and spending of $3.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $457k to $4.7m (+930%), an average of +79% a year. The sharpest change came in the year to June 2021, when income rose by 266%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthias Academy Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Selah Freedom Inc ($4.7m), Back on My Feet ($4.7m) and Eastern Shore Area Agency on Aging Community Action Agency Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $119k (3.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.9m against liabilities of $1.3m, net assets of $2.6m. It reported 51 employees.