Living Matrix Education Inc
Living Matrix Education Inc. faces persistent deficits and high liabilities relative to assets.
EIN: 134284694 · Park City, UT · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $99K |
| Program Spending | 70% |
| Net Assets | $-57,975 |
| Transparency Score | 45/100 |
Is Living Matrix Education Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Living Matrix Education Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Living Matrix Education Inc
Living Matrix Education Inc (EIN: 134284694) is a nonprofit organization based in Park City, UT, classified under NTEE code B21. The organization reported total revenue of $120K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Matrix Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Living Matrix Education Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $99K |
| Surplus / Deficit | $-4,042 |
| Total Assets | $53K |
| Total Liabilities | $111K |
| Net Assets | $-57,975 |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 209.5% |
| Months of Reserves | 6.4 months |
Financial Health Grade: C
In 2023, Living Matrix Education Inc reported a deficit of $4K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 209.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Living Matrix Education Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.1% | -62.2% | -10.3% |
| 2022 | +82.6% | +123.5% | -16.3% |
| 2021 | +8.1% | +0.1% | +12.6% |
| 2020 | +29.7% | +11.6% | +38.0% |
| 2019 | -64.9% | -65.0% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Living Matrix Education Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Living Matrix Education Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 209.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which could obscure the true cost of administration.
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 Living Matrix Education Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Living Matrix Education Inc:
- Consistent filing of IRS Form 990s, indicating a commitment to regulatory compliance.
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) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Living Matrix Education Inc spend its money?
Living Matrix Education Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Living Matrix Education Inc tax-deductible?
Living Matrix Education Inc is registered as a tax-exempt nonprofit (EIN: 134284694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Living Matrix Education Inc's spending goes to programs?
Living Matrix Education Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Living Matrix Education Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Living Matrix Education Inc is near average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Living Matrix Education Inc located?
Living Matrix Education Inc is headquartered in Park City, Utah and files with the IRS under EIN 134284694. It is classified under NTEE code B21.
How many years of IRS 990 filings does Living Matrix Education Inc have?
Living Matrix Education Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $120K in total revenue.
Is Living Matrix Education Inc. financially stable?
No, the organization shows signs of financial instability, with liabilities consistently exceeding assets (e.g., $110,932 liabilities vs. $52,957 assets in 2023) and frequent operating deficits (e.g., $95,381 revenue vs. $99,423 expenses in 2023).
What is the trend in Living Matrix Education Inc.'s revenue?
Revenue has been highly volatile, with significant drops from $280,070 in 2018 to $98,374 in 2019, and again from $251,959 in 2022 to $95,381 in 2023, indicating an inconsistent funding stream.
How does Living Matrix Education Inc. manage its debt?
The organization consistently carries high liabilities relative to its assets, suggesting a reliance on debt or deferred revenue. For instance, in 2023, liabilities were more than double its assets.
Filing History
IRS 990 filing history for Living Matrix Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Living Matrix Education Inc's revenue has declined by 50.3%, moving from $192K to $95K. Total assets decreased by 18.8% over the same period, from $65K to $53K. Total functional expenses fell by 49.5%, from $197K to $99K. In its most recent filing year (2023), Living Matrix Education Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $111K in liabilities against $53K in assets (debt-to-asset ratio: 209.5%), resulting in net assets of $-57,975.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $99K | $53K | $111K | — | View 990 |
| 2022 | $252K | $263K | $59K | $161K | — | View 990 |
| 2021 | $138K | $118K | $71K | $162K | — | View 990 |
| 2020 | $128K | $117K | $63K | $119K | — | View 990 |
| 2019 | $98K | $105K | $45K | $119K | — | View 990 |
| 2018 | $280K | $301K | $43K | $109K | — | — |
| 2017 | $333K | $305K | $66K | $111K | — | View 990 |
| 2016 | $250K | $259K | $36K | $111K | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | View 990 |
| 2014 | $147K | $165K | $34K | $104K | — | View 990 |
| 2013 | $280K | $256K | $45K | $92K | — | View 990 |
| 2012 | $269K | $302K | $34K | $106K | — | View 990 |
| 2011 | $192K | $197K | $65K | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $99K, and assets of $53K (revenue -62.1% year-over-year).
- 2022: Revenue of $252K, expenses of $263K, and assets of $59K (revenue +82.6% year-over-year).
- 2021: Revenue of $138K, expenses of $118K, and assets of $71K (revenue +8.1% year-over-year).
- 2020: Revenue of $128K, expenses of $117K, and assets of $63K (revenue +29.7% year-over-year).
- 2019: Revenue of $98K, expenses of $105K, and assets of $45K (revenue -64.9% year-over-year).
- 2018: Revenue of $280K, expenses of $301K, and assets of $43K (revenue -15.9% year-over-year).
- 2017: Revenue of $333K, expenses of $305K, and assets of $66K (revenue +33.0% year-over-year).
- 2016: Revenue of $250K, expenses of $259K, and assets of $36K.
- 2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $147K, expenses of $165K, and assets of $34K (revenue -47.6% year-over-year).
- 2013: Revenue of $280K, expenses of $256K, and assets of $45K (revenue +4.3% year-over-year).
- 2012: Revenue of $269K, expenses of $302K, and assets of $34K (revenue +40.0% year-over-year).
- 2011: Revenue of $192K, expenses of $197K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Living Matrix Education Inc:
Data Sources and Methodology
This transparency report for Living Matrix Education Inc 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.