Edward E And Marie L Matthews Foundation
Edward E And Marie L Matthews Foundation consistently grows assets with zero officer compensation and minimal liabilities.
EIN: 20656117 · Wilmington, DE · Updated: 2026-03-28
Is Edward E And Marie L Matthews Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward E And Marie L Matthews Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward E And Marie L Matthews Foundation
Edward E And Marie L Matthews Foundation (EIN: 20656117) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $6.3M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward E And Marie L Matthews Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward E And Marie L Matthews Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $13.3M |
| Total Liabilities | $1 |
| Net Assets | $13.3M |
| Operating Margin | 48.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.8 months |
Financial Health Grade: A
In 2023, Edward E And Marie L Matthews Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 129.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Edward E And Marie L Matthews Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.1% | +14.3% | +9.6% |
| 2022 | -9.2% | +4.8% | +3.1% |
| 2021 | -13.2% | +1.8% | +5.1% |
| 2020 | +107.5% | +3.8% | +7.9% |
| 2019 | -48.9% | -25.0% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Edward E And Marie L Matthews Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Edward E And Marie L Matthews Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual and suggests that the foundation is either entirely volunteer-run at the executive level or that its operational structure does not involve paid officers, which is a strong positive for efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Edward E And Marie L Matthews Foundation's IRS 990 filings:
- NTEE Code Unknown (limits understanding of specific mission focus)
Strengths
The following positive indicators were identified for Edward E And Marie L Matthews Foundation:
- Consistent asset growth (from $10M in 2011 to $13M in 2023)
- Zero officer compensation reported across all filings
- Extremely low liabilities (often $1 or $0)
- Expenses consistently well below revenue, allowing for financial growth
- Strong financial stability over a decade
Frequently Asked Questions about Edward E And Marie L Matthews Foundation
Is Edward E And Marie L Matthews Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward E And Marie L Matthews Foundation (EIN: 20656117) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Edward E And Marie L Matthews Foundation spend its money?
Edward E And Marie L Matthews Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward E And Marie L Matthews Foundation tax-deductible?
Edward E And Marie L Matthews Foundation is registered as a tax-exempt nonprofit (EIN: 20656117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Edward E And Marie L Matthews Foundation financially stable?
Yes, the foundation is highly financially stable, consistently growing its assets from $10,063,860 in 2011 to $13,282,313 in 2023, while maintaining minimal liabilities (often $1).
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available IRS 990 filings, indicating no salaries are paid to its officers.
How has the foundation's revenue trended over time?
The foundation's revenue has fluctuated but shows an overall positive trend, with the latest reported revenue of $2,388,568 in 2023 being significantly higher than earlier years like $723,624 in 2011.
What is the foundation's approach to debt?
The foundation maintains an extremely conservative approach to debt, consistently reporting liabilities of $1 or $0 across all filings, indicating virtually no outstanding debt.
Is the foundation efficient with its spending?
Yes, the foundation appears highly efficient, with expenses consistently well below revenue and zero officer compensation, allowing for significant asset growth over time.
Filing History
IRS 990 filing history for Edward E And Marie L Matthews Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward E And Marie L Matthews Foundation's revenue has grown by 230.1%, moving from $724K to $2.4M. Total assets increased by 32% over the same period, from $10.1M to $13.3M. Total functional expenses rose by 41.7%, from $866K to $1.2M. In its most recent filing year (2023), Edward E And Marie L Matthews Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.2M | $13.3M | $1 | — | View 990 |
| 2022 | $1.4M | $1.1M | $12.1M | $1 | — | View 990 |
| 2021 | $1.6M | $1.0M | $11.8M | $1 | — | View 990 |
| 2020 | $1.8M | $1.0M | $11.2M | $1 | — | View 990 |
| 2019 | $880K | $970K | $10.4M | $1 | — | — |
| 2015 | $1.7M | $1.3M | $9.9M | $0 | — | View 990 |
| 2014 | $727K | $858K | $9.5M | $0 | — | View 990 |
| 2013 | $883K | $1.0M | $9.6M | $0 | — | View 990 |
| 2012 | $593K | $949K | $9.7M | $1 | — | View 990 |
| 2011 | $724K | $866K | $10.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.2M, and assets of $13.3M (revenue +66.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $12.1M (revenue -9.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.0M, and assets of $11.8M (revenue -13.2% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.0M, and assets of $11.2M (revenue +107.5% year-over-year).
- 2019: Revenue of $880K, expenses of $970K, and assets of $10.4M (revenue -48.9% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.3M, and assets of $9.9M (revenue +136.8% year-over-year).
- 2014: Revenue of $727K, expenses of $858K, and assets of $9.5M (revenue -17.7% year-over-year).
- 2013: Revenue of $883K, expenses of $1.0M, and assets of $9.6M (revenue +48.9% year-over-year).
- 2012: Revenue of $593K, expenses of $949K, and assets of $9.7M (revenue -18.0% year-over-year).
- 2011: Revenue of $724K, expenses of $866K, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward E And Marie L Matthews Foundation:
Data Sources and Methodology
This transparency report for Edward E And Marie L Matthews Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.