Quick charity verification for Living Matrix Education Inc (EIN: 134284694)
Verdict: Living Matrix Education Inc shows mixed signals
45/100Mission Score
$120KRevenue
$66KAssets
4Red Flags
1Strengths
Red Flags
Consistent operating deficits (e.g., $95,381 revenue vs. $99,423 expenses in 2023).
Liabilities consistently far exceed assets (e.g., $110,932 liabilities vs. $52,957 assets in 2023).
Highly volatile revenue streams year-over-year.
No reported officer compensation, which could obscure administrative costs if not volunteer-led.
Strengths
Consistent filing of IRS Form 990s, indicating a commitment to regulatory compliance.
Spending Breakdown
How Living Matrix Education Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Living Matrix Education Inc
Is Living Matrix Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Matrix Education Inc (EIN: 134284694) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
Is Living Matrix Education Inc a good charity to donate to?
Living Matrix Education Inc has a Mission Score of 45/100. Revenue: $120K. Assets: $66K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Living Matrix Education Inc?
The Employer Identification Number (EIN) for Living Matrix Education Inc is 134284694. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Living Matrix Education Inc spend its money?
Living Matrix Education Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Living Matrix Education Inc's tax-exempt status?
You can verify Living Matrix Education Inc's tax-exempt status using EIN 134284694 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Living Matrix Education Inc. demonstrates inconsistent financial performance over the past several years, with revenues fluctuating significantly. For example, revenue dropped from $251,959 in 2022 to $95,381 in 2023, while expenses remained relatively high at $99,423, leading to a deficit. The organization consistently reports liabilities that far exceed its assets, with liabilities of $110,932 against assets of $52,957 in 2023, indicating a precarious financial position and potential reliance on debt or deferred revenue. The lack of reported officer compensation across all filings suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding administrative costs if not clearly disclosed elsewhere. The NTEE code B21 (Adult Education Programs) suggests a program-focused mission, but without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency.