The Pierre And Tana Matisse Foundation
Matisse Foundation maintains substantial assets with zero executive compensation, consistently disbursing grants.
EIN: 133838457 · New York, NY · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $8.1M |
| Program Spending | 90% |
| Net Assets | $197.7M |
| Transparency Score | 95/100 |
Is The Pierre And Tana Matisse Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Pierre And Tana Matisse Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Pierre And Tana Matisse Foundation
The Pierre And Tana Matisse Foundation (EIN: 133838457) is a nonprofit organization based in New York, NY, classified under NTEE code Z99Z. The organization reported total revenue of $8.7M and total assets of $198.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Pierre And Tana Matisse Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Pierre And Tana Matisse Foundation is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-3,856,254 |
| Total Assets | $199.3M |
| Total Liabilities | $1.5M |
| Net Assets | $197.7M |
| Operating Margin | -90.8% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 295.1 months |
Financial Health Grade: B
In 2023, The Pierre And Tana Matisse Foundation reported a deficit of $3.9M with expenses exceeding revenue, holds 295.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Pierre And Tana Matisse Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.7% | -12.3% | -2.4% |
| 2022 | -16.9% | +24.3% | -0.7% |
| 2021 | -15.1% | -1.9% | +2.0% |
| 2020 | +294.2% | +22.4% | +3.6% |
| 2019 | -70.4% | +13.0% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Pierre And Tana Matisse Foundation with a Mission Score of 95 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, The Pierre And Tana Matisse 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 deficit of $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for directing funds towards its mission.
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.
Strengths
The following positive indicators were identified for The Pierre And Tana Matisse Foundation:
- Zero officer compensation, indicating high efficiency in executive pay.
- Substantial and growing asset base ($198,051,415), providing long-term stability.
- Consistent history of grant-making and disbursements (expenses ranging from $3.1M to $9.2M annually).
- Strong financial transparency with 10 years of IRS 990 filings available.
Frequently Asked Questions about The Pierre And Tana Matisse Foundation
Is The Pierre And Tana Matisse Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Pierre And Tana Matisse Foundation (EIN: 133838457) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does The Pierre And Tana Matisse Foundation spend its money?
The Pierre And Tana Matisse Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Pierre And Tana Matisse Foundation tax-deductible?
The Pierre And Tana Matisse Foundation is registered as a tax-exempt nonprofit (EIN: 133838457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Pierre And Tana Matisse Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Pierre And Tana Matisse Foundation is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Pierre And Tana Matisse Foundation located?
The Pierre And Tana Matisse Foundation is headquartered in New York, New York and files with the IRS under EIN 133838457. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does The Pierre And Tana Matisse Foundation have?
The Pierre And Tana Matisse 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 $8.7M in total revenue.
Is The Pierre And Tana Matisse Foundation a good charity?
Yes, as a private foundation, it appears to be a very good charity based on its financial data. It maintains substantial assets ($198,051,415), consistently disburses funds (expenses ranging from $3.1M to $9.2M annually), and notably reports 0% officer compensation, ensuring funds are directed to its charitable purpose.
How does the foundation's revenue compare to its expenses?
The foundation's revenue has often exceeded its expenses in many years (e.g., 2021 revenue $11M vs. expenses $7.4M), allowing for asset growth. However, in some years like 2023, expenses ($8.1M) exceeded revenue ($4.2M), indicating it drew from its substantial asset base to fund its activities.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the past decade, increasing from $171,202,248 in 2011 to $198,051,415 currently, demonstrating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for The Pierre And Tana Matisse Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Pierre And Tana Matisse Foundation's revenue has declined by 56%, moving from $9.7M to $4.2M. Total assets increased by 16.4% over the same period, from $171.2M to $199.3M. Total functional expenses rose by 160.3%, from $3.1M to $8.1M. In its most recent filing year (2023), The Pierre And Tana Matisse Foundation reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $199.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $197.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $8.1M | $199.3M | $1.5M | — | View 990 |
| 2022 | $9.2M | $9.2M | $204.2M | $2.7M | — | View 990 |
| 2021 | $11.0M | $7.4M | $205.6M | $4.0M | — | View 990 |
| 2020 | $13.0M | $7.6M | $201.5M | $3.5M | — | View 990 |
| 2019 | $3.3M | $6.2M | $194.5M | $374K | — | View 990 |
| 2015 | $11.2M | $5.5M | $189.1M | $10K | — | View 990 |
| 2014 | $15.2M | $4.8M | $183.3M | $1 | — | View 990 |
| 2013 | $5.8M | $4.5M | $172.9M | $4K | — | View 990 |
| 2012 | $3.9M | $3.5M | $171.5M | $1 | — | View 990 |
| 2011 | $9.7M | $3.1M | $171.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $8.1M, and assets of $199.3M (revenue -53.7% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.2M, and assets of $204.2M (revenue -16.9% year-over-year).
- 2021: Revenue of $11.0M, expenses of $7.4M, and assets of $205.6M (revenue -15.1% year-over-year).
- 2020: Revenue of $13.0M, expenses of $7.6M, and assets of $201.5M (revenue +294.2% year-over-year).
- 2019: Revenue of $3.3M, expenses of $6.2M, and assets of $194.5M (revenue -70.4% year-over-year).
- 2015: Revenue of $11.2M, expenses of $5.5M, and assets of $189.1M (revenue -26.5% year-over-year).
- 2014: Revenue of $15.2M, expenses of $4.8M, and assets of $183.3M (revenue +161.1% year-over-year).
- 2013: Revenue of $5.8M, expenses of $4.5M, and assets of $172.9M (revenue +49.5% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.5M, and assets of $171.5M (revenue -59.8% year-over-year).
- 2011: Revenue of $9.7M, expenses of $3.1M, and assets of $171.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Pierre And Tana Matisse Foundation:
Data Sources and Methodology
This transparency report for The Pierre And Tana Matisse 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.