Philanthropy & Grantmaking (T12) IRS Verified DX Registered 990 on File

MATTHEW JOHN PHILLIPS SCHOLARSHIP FOUNDATION INC

EIN: 87-2585507 · BOYLSTON, MA 01505-2027 · United States · FY 2022 Data

3 out of 5 41 / 100 Based on one year of filings

Financial strength (30%) 50/100

Reliability (20%) 45/100

Effectiveness (25%) 68/100

Impact (25%) No data yet

Financial data: FY 2022 · Scored 9/13/2026

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Mission Statement

The Matthew John Phillips Scholarship Foundation honors the life and legacy of Matthew John Phillips—a kind and joyful 14-year-old born with a complex congenital heart condition—by providing financial support to help graduating seniors in Tampa, FL, and Western Massachusetts begin their college journey and achieve their educational dream. The foundation also works to raise awareness about congenital heart disease. One of its key initiatives is the Annual Matthew John Phillips Pickleball Slam—a community-driven tournament and major fundraiser that brings people together to support students and celebrate Matthew’s spirit. Now in its third year, the 2025 tournament will take place on October 25 at Rowlett Park in Tampa, Florida.

Financial Overview — FY 2022

$24K

Total Revenue

$5K

Total Expenses

$58K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 100.0%

Fundraising Efficiency 52.2%

Operating Reserve 138.35x

Liability-to-Asset N/A

Revenue Diversification 9.2%

Compared with Peers

FY 2022

Compared with 30,696 similar organizations (United States, Philanthropy & Grantmaking, under $100K in expenses), FY 2022.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	100.0%	86.5%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	52.2%	39.7%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	138.4 mo	135.2 mo	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	9.2%	97.9%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-39.5%	-21.7%	P10P90
Expense growth Year over year expense growth	301.0%	1.0%	P10P90
Surplus margin Surplus as a share of revenue	79.2%	0.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2022	$24K	$5K	$58K	100.0%	—
2021	$40K	$1K	$39K	—	—

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Organization Details

EIN: 87-2585507
State: MA
City: BOYLSTON
ZIP: 01505-2027
Classification: T12
Category: Philanthropy & Grantmaking
Rating: 3★
Coverage: B
Last Updated: Aug 2026
IRS Ruling Year: 2021
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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