Iowa Matrix

Analysis

Iowa Matrix is a registered charity in United States, based in North Liberty, IA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2024, Iowa Matrix reported income of $80k and spending of $84k, spending 105% of its income. Across the 2 years on record, from September 2023 to September 2024, income grew from $32k to $80k (+150%), an average of +150% a year. The sharpest change came in the year to September 2024, when income rose by 150%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iowa Matrix sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Tabithas Table Inc ($80k), Naseeha USA Inc ($80k) and Shepherds Pantry Inc ($80k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $33k against liabilities of $2,862, net assets of $30k.