Manhattan University

Analysis

Manhattan University is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1929, 97 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manhattan University reported income of $226.8m and spending of $228.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $217.5m to $226.8m (+4.3%), an average of +1.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Indiana Wesleyan University ($226.0m), Clark University ($226.9m) and Culinary Institute of America ($225.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2.1m (0.9% of expenses). Other salaries and wages came to $60.2m. At year end it held assets of $431.4m against liabilities of $116.4m, net assets of $315.0m. It reported 2,063 employees.