Manchester Community College Foundation Inc

Analysis

Manchester Community College Foundation Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in October 1968, 58 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 June 2024, Manchester Community College Foundation Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.6m to $1.7m (+4.3%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 185%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Community College Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Temple Beth Am Endowment Fund Inc ($1.7m), Alzheimers Disease International- the International Federation of ($1.7m) and Literacy New Jersey Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% of the total. At year end it held assets of $18.5m against liabilities of $25k, net assets of $18.4m.