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Matbia Charities a NJ Nonprofit Corporation
Brooklyn, NY · EIN 873609845 · Form 990 · FY2024 · NTEE T31 · Philanthropy & Grantmaking · Large ($10M-$50M) · matbia.org
revenue
$19.1M
expenses
$16.2M
net assets
$4.2M
employees
0
program ratio
97%
mission · from form 990

SAID CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL,AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONSTO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OFTHE INTERNAL REVENUE CODE.

profile · synthesized from sources

Matbia Charities is a grantmaking nonprofit organization based in Brooklyn, New York. It is organized exclusively for charitable, religious, educational, and scientific purposes, with a primary focus on making distributions to other 501(c)(3)-qualified organizations. The organization operates under the name Matbia Inc. and maintains its primary activities through financial support to eligible nonprofits.

named programs · 1 · from sources

What they call their work

General Grantmaking
Distributions to organizations qualifying as exempt under section 501(c)(3) of the Internal Revenue Code for charitable, religious, educational, or scientific purposes
activities · 3 groups

What they do

  • Digital Donation Processing Platforms 6 activities
    • Enables tax-compliant donation processing and receipting
      Issues tax-deductible receipts for all deposits and donations, ensuring compliance and supporting donors with documentation for IRS reporting purposes.
    • Enables third-party donations without account requirement
      Allows individuals to donate to charitable organizations through its online donate page or via physical Matbia tokens, even if they do not hold a Matbia donor account.
    • Facilitates instant and contactless charitable giving
      Supports instant donations upon ACH initiation and enables contactless tzedakah through Matbia cards that can be tapped on card readers, with optional preset donation amounts assigned to card corners.
    • Implements fee structure for processing donations
      Charges no fees to donors and passes a 2.9% processing fee to recipient organizations, with a cap of $52.20 per donation of $1,800 or more, ensuring maximum funds reach the charity.
    • Offers recurring donation and deposit automation
      Provides recurring donation scheduling to charitable organizations and recurring deposit functionality to donor accounts, supporting consistent and automated tzedakah and giving workflows.
    • Provides donor account management and reporting services
      Offers donors comprehensive account services including monthly statements, customizable reporting by date or recipient, Excel export functionality, and access to a user portal for tracking donations and retrieving tax receipts.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funds 501(c)(3) organizations through donor-advised giving
      Operates as a grantmaking entity by making distributions to charitable organizations qualified under section 501(c)(3) of the Internal Revenue Code, enabling donor-advised philanthropy.
  • Fundraising for Community and Charitable Initiatives 1 activity
    • Processes diverse donation payment methods
      Accepts deposits and donations via ACH transfer, check, credit card through PayPal, wire transfer, and external donor-advised fund transfers, offering flexible giving options.
financials · form 990 · fy2024
revenue
Total revenue$19.13M
Contributions & grants$19.08M100%
Program service revenue$00%
Investment income$41K0%
Other revenue$0
expenses
Total expenses$16.17M
Program expenses97%
Admin / overhead3%
Fundraising0%
Salaries & benefits$0
Grants paid out$15.62M
Largest expense lineProfessional Fees
balance sheet
Total assets$4.21M
Cash$2.01M
Investments$0
Liabilities$0
Net assets$4.21M
Liquid reserves1.5 mo
2 years on record · 2023–2024 · YoY revenue +172.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • Shamshon Kohn — Treasurer
  • Shloime Rottenberg — Secretary
  • Yosef E Kraus — President
relationships · 3

Who they work with

  • Nedivim Partner — Provides kiosk access for Matbia account management in participating synagogues.
  • PayPal Partner — Integrated as a payment method for adding funds to Matbia accounts.
  • PayPal Partner — Processes credit card deposits into Matbia accounts via PayPal integration.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Dignity-Centered Giving Platform
    methodology: dignity_centered_giving
    By offering a streamlined digital platform with built-in religious tracking, we enhance the donor’s sense of dignity and ease, because reducing friction and affirming religious identity increases engagement and long-term participation.
  • Maaser-Integrated Giving Model
    methodology: maaser_integrated_giving
    By integrating maaser calculation directly into the donation process, we enable halachically compliant giving, because aligning financial systems with religious law increases donor confidence and adherence to traditional obligations.
  • Technology-Halacha Integration Framework
    methodology: technology_halacha_integration
    By combining modern financial technology with halachic principles, we increase transparency and trust in tzedakah, because donors are more likely to give consistently when they perceive a system as both religiously valid and operationally efficient.