Matt Kolbe Memorial Foundation Inc

Analysis

Matt Kolbe Memorial Foundation Inc is a registered charity in United States, based in Chilton, WI. It received its IRS tax-exemption ruling in October 2021, 5 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, Matt Kolbe Memorial Foundation Inc reported income of $56k and spending of $240k, spending 427% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $56k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 148% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matt Kolbe Memorial Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include Sadie Grice Funny Scholarship Foundation ($56k), To the Jew First Ministry Inc ($56k) and L4 Cares ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.