Marc Inc of Manchester

Analysis

Marc Inc of Manchester is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in December 1953, 73 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marc Inc of Manchester reported income of $14.8m and spending of $15.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $14.8m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marc Inc of Manchester sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include San Francisco Market Corporation ($14.7m), The Lambs Farm Inc ($14.8m) and Northwest Laborers-Employers Train ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $293k (2.0% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $9.5m against liabilities of $4.8m, net assets of $4.8m. It reported 322 employees.