Matbia Inc

Analysis

Matbia Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Matbia Inc reported income of $296k and spending of $381k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.5m to $296k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matbia Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include North Carolina State Elks Association Charitable TR ($296k), Rush Enterprises Foundation ($296k) and June Jessee Memorial Foundation ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $623k against liabilities of $52k, net assets of $571k.