Mathesar Foundation Inc

Analysis

Mathesar Foundation Inc is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Mathesar Foundation Inc reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.1m to $1.9m (-53%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mathesar Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Arcade Innovation Hub LLC ($1.9m), Greater Texas Services Inc ($1.9m) and Clemson University Research Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $225k (13% of expenses). Other salaries and wages came to $342k. At year end it held assets of $1.5m against liabilities of $36k, net assets of $1.5m. It reported 6 employees.