Matheia School

Analysis

Matheia School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Matheia School reported income of $979k and spending of $811k, spending 83% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $550k to $979k (+78%), an average of +21% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matheia School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Redeemer Christian School Incorporated ($979k), Wecoach Inc ($979k) and SRS Education ($979k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $194k (24% of expenses). Other salaries and wages came to $326k. At year end it held assets of $2.0m against liabilities of $47k, net assets of $2.0m. It reported 8 employees.