Matzo Ball Charity Inc

Analysis

Matzo Ball Charity Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Matzo Ball Charity Inc reported income of $352k and spending of $375k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $687k to $352k (-49%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 1299%. Over the whole period it spent 11% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Matzo Ball Charity Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Hub Community Development Corporation ($352k), Protect the Faith Inc ($352k) and Leavener Ministry Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $10.6m against liabilities of $45k, net assets of $10.5m.