Mateo Family Foundation Inc

Analysis

Mateo Family Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2023, 3 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, Mateo Family Foundation Inc reported income of $102k and spending of $142k, spending 139% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.5m to $102k (-96%), an average of -80% a year. The sharpest change came in the year to December 2023, when income rose by 725%. Over the whole period it spent 8.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mateo Family Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Schroeder Foundation ($102k), Michelle McGann Fund Inc ($102k) and Timothy International ($102k).

At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.