Mat Foundation

Analysis

Mat Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mat Foundation reported income of $53k and spending of $142k, spending 269% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $53k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 171% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mat Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include G R E G Inc ($53k), PTA Texas Congress ($53k) and Friends of the Elmira Civil War Prison Camp Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 219% of the total. Compensation of current officers, directors and key employees was $53k (37% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.