The Manhasset School Community Association Inc

Analysis

The Manhasset School Community Association Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, The Manhasset School Community Association Inc reported income of $756k and spending of $782k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $781k to $756k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to August 2022, when income rose by 97%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Manhasset School Community Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Plumbers Local Union No 200 Apprenticeship Training Fund ($755k), Berkeley Hills Parents Association ($756k) and Northwest Academic Computing Consortium ($755k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 51% of the total. At year end it held assets of $700k against liabilities of $0, net assets of $700k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.