Manchester Housing & Redevelopment Foundation Inc

Analysis

Manchester Housing & Redevelopment Foundation Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in April 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Manchester Housing & Redevelopment Foundation Inc reported income of $300k and spending of $153k, leaving 49% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $65k to $300k (+363%), an average of +67% a year. The sharpest change came in the year to September 2023, when income rose by 238%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Housing & Redevelopment Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within NH. Charities of a similar size with the same main cause include Sheet Metal Workers Union 58 Educational & Apprentice Training ($300k), H Eldridge and Louise R Hannford Charitable Trust ($300k) and St Martin Deporres Center ($300k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $833k against liabilities of $36k, net assets of $796k.