Fariborz Fred Matloob Foundation

Analysis

Fariborz Fred Matloob Foundation is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Fariborz Fred Matloob Foundation reported income of $107k and spending of $136k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $107k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 450%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fariborz Fred Matloob Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Friends of the Aberdeen B and O Train Station Inc ($107k), Shelby Literacy Center ($107k) and Koinonia Ministries Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $357k against liabilities of $0, net assets of $357k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.