The Matthews House
The Matthews House shows strong asset growth and consistent program focus, despite a recent operating deficit.
EIN: 202894339 · Fort Collins, CO · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 88/100 |
Is The Matthews House Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Matthews House directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Matthews House
The Matthews House (EIN: 202894339) is a nonprofit organization based in Fort Collins, CO, classified under NTEE code P50. The organization reported total revenue of $3.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Matthews House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Matthews House is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-133,524 |
| Total Assets | $1.8M |
| Total Liabilities | $715K |
| Net Assets | $1.1M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 40.1% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2022, The Matthews House reported a deficit of $134K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 40.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), The Matthews House's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -15.4% | +12.2% | +1.2% |
| 2021 | +11.5% | +5.5% | +47.7% |
| 2020 | +23.3% | +2.6% | +63.8% |
| 2019 | -5.9% | -4.5% | -4.2% |
| 2018 | -7.5% | -12.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Matthews House with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Matthews House allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $134K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.1%.
Executive Compensation Analysis
The Matthews House consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to mission-related activities.
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 The Matthews House's IRS 990 filings:
- Operating deficit in 2022 ($133,524), though potentially an anomaly.
- Significant increase in liabilities alongside assets, requiring further investigation into the nature of these changes.
Strengths
The following positive indicators were identified for The Matthews House:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive spending.
- Strong asset growth from $1,784,952 in 2022 to $3,248,740 currently.
- Long history of IRS 990 filings (12 periods), demonstrating transparency and consistent operation.
- Overall revenue growth trend over the past decade, from $1,283,323 in 2013 to $3,326,963 currently.
Frequently Asked Questions about The Matthews House
Is The Matthews House a legitimate charity?
The Matthews House (EIN: 202894339) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Matthews House spend its money?
The Matthews House directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Matthews House tax-deductible?
The Matthews House is registered as a tax-exempt nonprofit (EIN: 202894339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Matthews House's spending goes to programs?
The Matthews House directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Matthews House compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Matthews House is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Matthews House located?
The Matthews House is headquartered in Fort Collins, Colorado and files with the IRS under EIN 202894339. It is classified under NTEE code P50.
How many years of IRS 990 filings does The Matthews House have?
The Matthews House has 12 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 $3.3M in total revenue.
Is The Matthews House a good charity?
Based on the available data, The Matthews House appears to be a good charity. They demonstrate strong program focus with 0% officer compensation, consistent financial reporting, and significant asset growth. While there was a deficit in 2022, their overall financial trend and commitment to transparency are positive.
What caused the significant increase in assets from 2022 to the latest period?
The assets increased from $1,784,952 in 2022 to $3,248,740 currently. This substantial growth, alongside an increase in liabilities, suggests a potential capital investment, property acquisition, or significant grant funding that warrants further review of their latest financial statements for specifics.
How does the 2022 deficit impact the organization's long-term financial stability?
The 2022 deficit of $133,524 (Expenses $2,708,628 - Revenue $2,575,104) is a concern, but it follows several years of surpluses (e.g., $629,389 in 2021). Given the latest reported revenue of $3,326,963, it appears the organization has recovered or is on a path to recovery, but consistent deficits would be a red flag.
Filing History
IRS 990 filing history for The Matthews House showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), The Matthews House's revenue has grown by 313.8%, moving from $622K to $2.6M. Total assets increased by 1083.1% over the same period, from $151K to $1.8M. Total functional expenses rose by 338.6%, from $618K to $2.7M. In its most recent filing year (2022), The Matthews House reported a deficit of $134K, with expenses exceeding revenue. The organization holds $715K in liabilities against $1.8M in assets (debt-to-asset ratio: 40.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.6M | $2.7M | $1.8M | $715K | — | View 990 |
| 2021 | $3.0M | $2.4M | $1.8M | $552K | — | View 990 |
| 2020 | $2.7M | $2.3M | $1.2M | $618K | — | — |
| 2019 | $2.2M | $2.2M | $729K | $598K | — | View 990 |
| 2018 | $2.4M | $2.3M | $761K | $613K | — | View 990 |
| 2017 | $2.5M | $2.7M | $787K | $652K | — | View 990 |
| 2016 | $2.4M | $2.6M | $881K | $620K | — | View 990 |
| 2015 | $2.0M | $2.1M | $1.1M | $574K | — | View 990 |
| 2014 | $1.6M | $1.7M | $775K | $560K | — | View 990 |
| 2013 | $1.3M | $1.2M | $785K | $538K | — | View 990 |
| 2012 | $1.0M | $924K | $750K | $552K | — | View 990 |
| 2011 | $622K | $618K | $151K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.6M, expenses of $2.7M, and assets of $1.8M (revenue -15.4% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.4M, and assets of $1.8M (revenue +11.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $1.2M (revenue +23.3% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $729K (revenue -5.9% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.3M, and assets of $761K (revenue -7.5% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.7M, and assets of $787K (revenue +6.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.6M, and assets of $881K (revenue +22.1% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $1.1M (revenue +21.0% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $775K (revenue +26.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $785K (revenue +27.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $924K, and assets of $750K (revenue +61.6% year-over-year).
- 2011: Revenue of $622K, expenses of $618K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Matthews House:
Data Sources and Methodology
This transparency report for The Matthews House 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.