March Inc of Manchester C/O Robert F Gorman

Analysis

March Inc of Manchester C/O Robert F Gorman is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, March Inc of Manchester C/O Robert F Gorman reported income of $9.8m and spending of $9.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $9.8m (+34%), an average of +7.5% a year. 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, March Inc of Manchester C/O Robert F Gorman sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Hospice of Marshall County Inc ($9.8m), Mississippi Higher Education Assistance Corporation ($9.8m) and Rimrock Foundation ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $274k (2.8% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $3.0m against liabilities of $2.1m, net assets of $853k. It reported 227 employees.