Milton Matthews Foundation Inc

Analysis

Milton Matthews Foundation Inc is a registered charity in United States, based in Landover, MD. It received its IRS tax-exemption ruling in January 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milton Matthews Foundation Inc reported income of $112k and spending of $110k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $151k to $112k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milton Matthews Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Jennings County Coordinating Council Inc ($112k), Nbaa Charities ($112k) and Portage Economic Development Corp ($112k).

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 $59k against liabilities of $0, net assets of $59k.