Matthew 25 Ministries Inc
- Assets
- $154.3m
- Revenue
- $297.3m
- Investments
- $0.0
- Employees
- 259
- Location
- Cincinnati, OH
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 31-1348100
Organization Overview
Matthew 25 Ministries Inc is located in Cincinnati, OH. The organization was established in 1992. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Matthew 25 Ministries Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Matthew 25 Ministries Inc generated $297.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $361.7m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Matthew 25 Ministries Inc has awarded 1,114 individual grants totaling $931,409,559. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
M25M DELIVERS HUMANITARIAN AID AND DISASTER RELIEF SUPPLIES TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN AIDM25M DELIVERS HUMANITARIAN AID & DISASTER RELIEF SUPPLIES TO THOSE IN NEED, INCLUDING CLOTHING, NON-PERISHABLE FOOD, FIRST AID & MEDICAL SUPPLIES, SCHOOL SUPPLIES, HYGIENE PRODUCTS, CLEANING SUPPLIES, HOUSEHOLD ITEMS, BABY PRODUCTS AND LATEX PAINT. IN 2023, M25M SHIPPED 1,616 40' CONTAINERS, HELPING OVER 40 MILLION PEOPLE IN NEED. 1,015 OF THOSE CONTAINERS WERE FOR HUMANITARIAN AID.
OTHER PROGRAM SERVICES.
DISASTER RELIEF MATTHEW 25: MINISTRIES' FOCUS DURING DISASTERS IS TYPICALLY ON MOVING LARGE AMOUNTS OF CRITICALLY NEEDED AID INTO THE AFFECTED AREA. WHEN OUR DISASTER RESPONSE TEAM DEPLOYS, WE UTILIZE A FLEET OF SPECIALTY VEHICLES TO DISTRIBUTE INITIAL LOADS OF AID AND SET UP DISTRIBUTION CHANNELS THROUGH PARTNER ORGANIZATIONS FOR FUTURE SHIPMENTS. IN 2023, 601 CONTAINERS OF AID WERE SENT TO DISASTER RELIEF PARTNERS.
KIRKWOODA RETREAT AND CONFERENCE FACILITY FOR GROUPS, ADULT AND YOUTH CAMPS, WEEKEND RETREATS, MISSION CONFERENCES, SCOUTING EVENTS, BAND CAMPS, CHURCHES, AT-RISK YOUTH, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Russell Director | Trustee | 1 | $0 |
Michael Staudinger MD Director | Trustee | 1 | $0 |
Harry Yeaggy Director | Trustee | 1 | $0 |
Eric Niemeyer MD Director | Trustee | 1 | $0 |
Jeanette Hanna-Ruiz Director | Trustee | 1 | $0 |
Deborah Hayes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,678 |
| Related organizations | $0 |
| Government grants | $1,300,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,845,996 |
| Noncash contributions included in lines 1a–1f | $278,888,003 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,161,521 |
| Total Program Service Revenue | $2,779,948 |
| Investment income | $166,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,305 |
| Net Income from Fundraising Events | -$57,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,326,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,302,357 |
| Grants and other assistance to domestic individuals. | $2,289,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $117,798,984 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $961,441 |
| Compensation of current officers, directors, key employees. | $293,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,069,736 |
| Pension plan accruals and contributions | $95,264 |
| Other employee benefits | $802,049 |
| Payroll taxes | $438,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $127,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,541 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $131,365 |
| Information technology | $180,709 |
| Royalties | $172,000 |
| Occupancy | $680,117 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,962,950 |
| Insurance | $0 |
| All other expenses | $679,239 |
| Total functional expenses | $361,675,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,724,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,269,726 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,099,753 |
| Investments—publicly traded securities | $5,370,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,641,636 |
| Total assets | $154,264,316 |
| Accounts payable and accrued expenses | $2,274,601 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,076,925 |
| Other liabilities | $574,636 |
| Total liabilities | $8,926,162 |
| Net assets without donor restrictions | $141,171,941 |
| Net assets with donor restrictions | $4,166,213 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $154,264,316 |
Grants Awarded
Over the last fiscal year, Matthew 25 Ministries Inc has awarded $214,955,006 in support to 257 organizations.
| Grant Recipient | Amount |
|---|---|
180 DISASTER RELIEF PURPOSE: Humanitarian Aid | $552,105 |
GOODWILL INDUSTRIES - CINCINNATI PURPOSE: Humanitarian Aid | $52,061,794 |
SPOKES OF HOPE PURPOSE: Humanitarian Aid | $29,380,981 |
GOODWILL INDUSTRIES - KY PURPOSE: Humanitarian Aid | $16,283,225 |
CITIIMPACT PURPOSE: Humanitarian Aid | $9,695,557 |
ST VINCENT DE PAUL PURPOSE: Humanitarian Aid | $6,692,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Matthew 25 Ministries Inc Cincinnati, OH | $154,264,316 | $297,326,399 |
Jubilee Centers International Grand Rapids, MI | $499,371 | $792,706 |
Africans Reaching Africa Inc Granger, IN | $1,037,225 | $882,801 |
Hearing The Call Inc Fort Wayne, IN | $832,836 | $548,721 |
Worldwide Hearts & Hands Inc Lexington, KY | $538,060 | $241,240 |
Tin Roof Foundation Inc Cincinnati, OH | $82,053 | $0 |
Sacred Link Global Humanitarian Project Honesdale, PA | $0 | $80 |
Audia Caring Heritage Association Washington, PA | $1,444 | $0 |
Kuch Karo Project Malvern, PA | $0 | $0 |