Mattis Family Foundation
Mattis Family Foundation consistently spends more than its annual revenue, relying on its $3M+ asset base.
EIN: 203538795 · Greenwich, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $566K |
| Total Expenses | $212K |
| Program Spending | 80% |
| Net Assets | $3.1M |
| Transparency Score | 75/100 |
Is Mattis Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mattis Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mattis Family Foundation
Mattis Family Foundation (EIN: 203538795) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T20. The organization reported total revenue of $566K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mattis Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mattis Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $212K |
| Surplus / Deficit | $-110,064 |
| Total Assets | $3.1M |
| Total Liabilities | $1 |
| Net Assets | $3.1M |
| Operating Margin | -107.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.0 months |
Financial Health Grade: B
In 2023, Mattis Family Foundation reported a deficit of $110K with expenses exceeding revenue, holds 174.0 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), Mattis Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +190.6% | -24.4% | +5.7% |
| 2022 | -94.8% | +0.4% | -21.4% |
| 2021 | +1231.3% | +6.2% | +15.0% |
| 2020 | -14.4% | +33.3% | +7.7% |
| 2019 | +35.6% | +3.4% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Mattis Family Foundation with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 0%
According to IRS 990 filings, Mattis Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not reported as officer compensation, which is a positive sign for minimizing overhead.
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 Mattis Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years (e.g., 2023: $212,290 expenses vs. $102,226 revenue; 2022: $280,879 expenses vs. $35,183 revenue).
Strengths
The following positive indicators were identified for Mattis Family Foundation:
- Substantial and stable asset base (over $3 million in most periods) provides long-term financial security.
- Zero reported officer compensation across all filings indicates a lean administrative structure and potentially volunteer leadership.
- Low liabilities reported in most recent years (e.g., $1 in 2023 and 2022) suggests good financial management and minimal debt.
Frequently Asked Questions about Mattis Family Foundation
Is Mattis Family Foundation a legitimate charity?
Mattis Family Foundation (EIN: 203538795) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $566K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Mattis Family Foundation spend its money?
Mattis Family Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mattis Family Foundation tax-deductible?
Mattis Family Foundation is registered as a tax-exempt nonprofit (EIN: 203538795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mattis Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mattis Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mattis Family Foundation located?
Mattis Family Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 203538795. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mattis Family Foundation have?
Mattis Family Foundation has 10 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 $566K in total revenue.
How does the Mattis Family Foundation sustain its operations given that expenses frequently exceed revenue?
The foundation sustains its operations by drawing from its substantial asset base, which has consistently been over $2.9 million, reaching $3,701,352 in 2021. For example, in 2023, expenses were $212,290 against revenue of $102,226, indicating a reliance on its endowment.
What is the primary purpose of the Mattis Family Foundation, given its NTEE code T20?
NTEE code T20 typically designates 'Private Grantmaking Foundations.' This suggests the foundation's primary purpose is to make grants to other organizations or individuals, rather than directly operating programs.
Is the Mattis Family Foundation financially stable?
Yes, the Mattis Family Foundation appears financially stable due to its significant and consistent asset base, which has remained above $2.9 million across all reported periods, despite annual fluctuations in revenue and expenses.
What is the trend in the foundation's assets over time?
The foundation's assets have fluctuated but generally remained robust, starting at $2,903,578 in 2011, peaking at $3,701,352 in 2021, and most recently reported at $3,077,401 in 2023.
Filing History
IRS 990 filing history for Mattis Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mattis Family Foundation's revenue has declined by 47.6%, moving from $195K to $102K. Total assets increased by 6% over the same period, from $2.9M to $3.1M. Total functional expenses rose by 40.4%, from $151K to $212K. In its most recent filing year (2023), Mattis Family Foundation reported a deficit of $110K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $212K | $3.1M | $1 | — | — |
| 2022 | $35K | $281K | $2.9M | $1 | — | View 990 |
| 2021 | $679K | $280K | $3.7M | $1 | — | View 990 |
| 2020 | $51K | $263K | $3.2M | $242K | — | — |
| 2019 | $60K | $198K | $3.0M | $175K | — | View 990 |
| 2015 | $44K | $191K | $2.9M | $160K | — | View 990 |
| 2014 | $71K | $191K | $3.3M | $172K | — | View 990 |
| 2013 | $258K | $192K | $3.0M | $0 | — | View 990 |
| 2012 | $193K | $132K | $3.1M | $0 | — | View 990 |
| 2011 | $195K | $151K | $2.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102K, expenses of $212K, and assets of $3.1M (revenue +190.6% year-over-year).
- 2022: Revenue of $35K, expenses of $281K, and assets of $2.9M (revenue -94.8% year-over-year).
- 2021: Revenue of $679K, expenses of $280K, and assets of $3.7M (revenue +1231.3% year-over-year).
- 2020: Revenue of $51K, expenses of $263K, and assets of $3.2M (revenue -14.4% year-over-year).
- 2019: Revenue of $60K, expenses of $198K, and assets of $3.0M (revenue +35.6% year-over-year).
- 2015: Revenue of $44K, expenses of $191K, and assets of $2.9M (revenue -37.8% year-over-year).
- 2014: Revenue of $71K, expenses of $191K, and assets of $3.3M (revenue -72.7% year-over-year).
- 2013: Revenue of $258K, expenses of $192K, and assets of $3.0M (revenue +33.5% year-over-year).
- 2012: Revenue of $193K, expenses of $132K, and assets of $3.1M (revenue -0.8% year-over-year).
- 2011: Revenue of $195K, expenses of $151K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mattis Family Foundation:
Data Sources and Methodology
This transparency report for Mattis Family 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.