Matthew 6 3 Foundation
Matthew 6 3 Foundation's assets have declined by over 50% in a decade due to consistent spending exceeding revenue.
EIN: 204759600 · Wilmington, DE · NTEE: T21 · Updated: 2026-03-28
Is Matthew 6 3 Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Matthew 6 3 Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Matthew 6 3 Foundation
Matthew 6 3 Foundation (EIN: 204759600) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T21. The organization reported total revenue of $284K and total assets of $251K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthew 6 3 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthew 6 3 Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $67K |
| Surplus / Deficit | $-50,851 |
| Total Assets | $487K |
| Total Liabilities | $1 |
| Net Assets | $487K |
| Operating Margin | -320.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.6 months |
Financial Health Grade: B
In 2023, Matthew 6 3 Foundation reported a deficit of $51K with expenses exceeding revenue, holds 87.6 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), Matthew 6 3 Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.9% | +682.8% | -9.5% |
| 2022 | -23.6% | -85.3% | +0.8% |
| 2021 | +29.9% | +0.7% | -7.2% |
| 2020 | -5.0% | -40.5% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Matthew 6 3 Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Matthew 6 3 Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officer salaries are paid, which is a positive for minimizing administrative costs relative to the organization's size and revenue.
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 Matthew 6 3 Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most recent years, e.g., 2023 revenue $15,846 vs. expenses $66,697.
- Significant decline in assets over time, from $1,140,658 in 2011 to $486,655 in 2023.
- Negative revenue reported in 2015 (-$7,276), indicating potential financial instability or unusual accounting event.
- High expense-to-revenue ratio in multiple periods, suggesting an unsustainable spending pattern.
Strengths
The following positive indicators were identified for Matthew 6 3 Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salary burden.
- Low liabilities across all reported periods, suggesting minimal debt.
Frequently Asked Questions about Matthew 6 3 Foundation
Is Matthew 6 3 Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Matthew 6 3 Foundation (EIN: 204759600) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Matthew 6 3 Foundation spend its money?
Matthew 6 3 Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Matthew 6 3 Foundation tax-deductible?
Matthew 6 3 Foundation is registered as a tax-exempt nonprofit (EIN: 204759600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Matthew 6 3 Foundation financially sustainable?
Based on the provided data, the Matthew 6 3 Foundation does not appear financially sustainable. Its expenses have consistently outpaced revenue for many years, leading to a significant depletion of assets from over $1.1 million in 2011 to $486,655 in 2023.
What caused the significant decline in assets?
The decline in assets is primarily caused by the organization consistently spending more than it generates in revenue. For example, in 2023, expenses were $66,697 while revenue was only $15,846, contributing to the asset reduction.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to officers.
What is the organization's latest financial position?
As of the 202312 period, the organization reported revenue of $15,846, expenses of $66,697, and assets of $486,655, with negligible liabilities.
Filing History
IRS 990 filing history for Matthew 6 3 Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Matthew 6 3 Foundation's revenue has declined by 60.8%, moving from $40K to $16K. Total assets decreased by 57.3% over the same period, from $1.1M to $487K. Total functional expenses rose by 153.7%, from $26K to $67K. In its most recent filing year (2023), Matthew 6 3 Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $487K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $67K | $487K | $1 | — | — |
| 2022 | $13K | $9K | $538K | $1 | — | View 990 |
| 2021 | $16K | $58K | $533K | $1 | — | — |
| 2020 | $13K | $57K | $575K | $1 | — | View 990 |
| 2019 | $13K | $96K | $620K | $1 | — | View 990 |
| 2015 | $-7,276 | $39K | $962K | $1 | — | View 990 |
| 2014 | $16K | $174K | $993K | $1 | — | View 990 |
| 2013 | $19K | $25K | $1.2M | $1 | — | View 990 |
| 2012 | $27K | $10K | $1.2M | $1 | — | View 990 |
| 2011 | $40K | $26K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $67K, and assets of $487K (revenue +25.9% year-over-year).
- 2022: Revenue of $13K, expenses of $9K, and assets of $538K (revenue -23.6% year-over-year).
- 2021: Revenue of $16K, expenses of $58K, and assets of $533K (revenue +29.9% year-over-year).
- 2020: Revenue of $13K, expenses of $57K, and assets of $575K (revenue -5.0% year-over-year).
- 2019: Revenue of $13K, expenses of $96K, and assets of $620K.
- 2015: Revenue of $-7,276, expenses of $39K, and assets of $962K (revenue -145.3% year-over-year).
- 2014: Revenue of $16K, expenses of $174K, and assets of $993K (revenue -13.9% year-over-year).
- 2013: Revenue of $19K, expenses of $25K, and assets of $1.2M (revenue -31.1% year-over-year).
- 2012: Revenue of $27K, expenses of $10K, and assets of $1.2M (revenue -32.9% year-over-year).
- 2011: Revenue of $40K, expenses of $26K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthew 6 3 Foundation:
Data Sources and Methodology
This transparency report for Matthew 6 3 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.