Matthew D and Katherine H Lee Foundation
Only null% goes to programs Strong reserves Declining revenue
Matthew D and Katherine H Lee Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2009, with $61,072 in FY2024 revenue. CharityIndex grades it F.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 26-2934869 Since 2009
Revenue (FY2024)
$61K
▼ 82.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$162K
Net assets
$1.5M
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 Matthew D and Katherine H Lee 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 rating113 mo reserves · -165% 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 Matthew D and Katherine H Lee Foundation: 113 mo reserves · -165% 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 Matthew D and Katherine H Lee 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 Matthew D and Katherine H Lee Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $5,000 (FY2013) to $61K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.5M
Operating margin
-165.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,072▼82.5% | $162,127▼67.3% | $1,526,728▼6.2% | $1,526,728▼6.2% | 990PF |
| 2023 | $348,080▲3124% | $496,500▼19.1% | $1,627,783▼8.4% | $1,627,783▼8.4% | 990PF |
| 2022 | -$11,509▼112% | $613,541▲50.7% | $1,776,203▼26.0% | $1,776,203▼26.0% | 990PF |
| 2021 | $92,941▼91.8% | $407,153▲59.4% | $2,401,253▼11.6% | $2,401,253▼11.6% | 990PF |
| 2020 | $1,136,320▲370% | $255,368▼40.7% | $2,715,465▲48.0% | $2,715,465▲48.0% | 990PF |
| 2019 | $241,839▼46.8% | $430,922▼52.9% | $1,834,513▼9.3% | $1,834,513▼9.3% | 990PF |
| 2018 | $454,817▲191% | $914,548▲1.6% | $2,023,596▼47.7% | $2,023,596▼47.7% | 990PF |
| 2015 | $156,518▼96.9% | $899,812▲77.1% | $3,870,133▼16.1% | $3,870,133▼16.1% | 990PF |
| 2014 | $5,121,411▲102328% | $508,147▲10063% | $4,613,427▲2830223% | $4,613,427▲2830223% | 990PF |
| 2013 | $5,000 | $5,000▼95.3% | $163 | $163 | 990PF |
| 2012 | — | $106,822▼20.3% | $163▼99.8% | $163▼99.8% | 990PF |
| 2011 | — | $133,957▲2605% | $92,396▼59.1% | $92,396▼59.1% | 990PF |
| 2010 | — | $4,953 | $226,142 | $226,142 | 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 Matthew D and Katherine H Lee Foundation a legitimate nonprofit?
- Yes. Matthew D and Katherine H Lee Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-2934869, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Matthew D and Katherine H Lee Foundation's EIN?
- Matthew D and Katherine H Lee Foundation's Employer Identification Number (EIN) is 26-2934869.
- How much revenue does Matthew D and Katherine H Lee Foundation report?
- Matthew D and Katherine H Lee Foundation reported $61,072 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Matthew D and Katherine H Lee Foundation have?
- CharityIndex grades Matthew D and Katherine H Lee Foundation F, based on financial health (reserves and operating margin).
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Data for Matthew D and Katherine H Lee Foundation (EIN 26-2934869) 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.