Matthew Mangine Jr Foundation Inc

Analysis

Matthew Mangine Jr Foundation Inc is a registered charity in United States, based in Union, KY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Matthew Mangine Jr Foundation Inc reported income of $426k and spending of $211k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $426k (+242%), an average of +242% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 44% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Matthew Mangine Jr Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Camp Fire ($426k), Boys & Girls Club of Greater Lynchburg ($426k) and James Project Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $44k. At year end it held assets of $404k against liabilities of $3,034, net assets of $401k. It reported 1 employees.