Matbo

Analysis

Matbo is a registered charity in United States, based in Germantwn HLS, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Matbo reported income of $112k and spending of $96k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $112k (+11%), an average of +11% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Matbo sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Fort Wayne Fusion FC ($112k), Utah Figure Skating Club Inc ($113k) and Little League Baseball Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 67% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.