Carmine J Matarazzo Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Carmine J Matarazzo Charitable Foundation is a 501(c)(3) organization based in Atlanta, Georgia, registered in 2002, with -$582 in FY2024 revenue. CharityIndex grades it F.
Po Box 52902, Atlanta, GA, 30355 EIN 22-3754629 Since 2002
Revenue (FY2024)
-$582
▼ 117.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$30K
Net assets
$236K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carmine J Matarazzo Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating95 mo reserves · -5199% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carmine J Matarazzo Charitable Foundation: 95 mo reserves · -5199% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carmine J Matarazzo Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carmine J Matarazzo Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 52902, Atlanta, GA, 30355
- City
- Atlanta
- State
- Georgia
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $25K (FY2013) to -$582 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $236K
Operating margin
-5199.1%
Spent more than it raised in the latest fiscal year.
Total assets
$236K
Total liabilities
$0
Net assets
$236K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$582▼118% | $29,677▼5.6% | $235,578▼11.4% | $235,578▼11.4% | 990PF |
| 2023 | $3,276▲161% | $31,448▲10.9% | $265,838▼2.9% | $265,838▼2.9% | 990PF |
| 2022 | -$5,392▼121% | $28,367▼4.4% | $273,689▼21.1% | $273,689▼21.1% | 990PF |
| 2021 | $25,669▲2927% | $29,684▲0.3% | $346,905▲24.8% | $346,905▲24.8% | 990PF |
| 2020 | $848▼96.9% | $29,591▼19.9% | $278,030▼17.2% | $278,030▼17.2% | 990PF |
| 2019 | $27,648▲158% | $36,924▲12.7% | $335,833▼2.7% | $335,833▼2.7% | 990PF |
| 2018 | $10,700▼41.9% | $32,770▲2.0% | $345,109▼6.0% | $345,109▼6.0% | 990PF |
| 2017 | $18,415▲27.0% | $32,138▲11.3% | $367,179▼3.6% | $367,179▼3.6% | 990PF |
| 2016 | $14,502▼59.3% | $28,878▼27.0% | $380,902▼3.6% | $380,903▼3.6% | 990PF |
| 2015 | $35,592▼24.0% | $39,568▲50.1% | $395,279▼1.0% | $395,279▼1.0% | 990PF |
| 2014 | $46,809▲84.2% | $26,354▼7.0% | $399,255▲5.4% | $399,255▲5.4% | 990PF |
| 2013 | $25,407 | $28,348▼7.7% | $378,800▼0.8% | $378,800▼0.8% | 990PF |
| 2012 | — | $30,706 | $381,741 | $381,741 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Carmine J Matarazzo Charitable Foundation a legitimate nonprofit?
- Yes. Carmine J Matarazzo Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3754629, based in Atlanta, Georgia. Donations are tax-deductible.
- What is Carmine J Matarazzo Charitable Foundation's EIN?
- Carmine J Matarazzo Charitable Foundation's Employer Identification Number (EIN) is 22-3754629.
- How much revenue does Carmine J Matarazzo Charitable Foundation report?
- Carmine J Matarazzo Charitable Foundation reported -$582 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carmine J Matarazzo Charitable Foundation have?
- CharityIndex grades Carmine J Matarazzo Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Carmine J Matarazzo Charitable Foundation (EIN 22-3754629) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.