Manhasset Community Fund Inc

Analysis

Manhasset Community Fund Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Manhasset Community Fund Inc reported income of $247k and spending of $248k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $247k (+3.0%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 445%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Manhasset Community Fund Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include South Carolina Federal Credit Union Foundation ($247k), Green and Gold Fund Inc ($247k) and National Association of Charitable Gift Planners ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $230k against liabilities of $2,975, net assets of $227k.