Manhattan Bowery Management Corp

Analysis

Manhattan Bowery Management Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manhattan Bowery Management Corp reported income of $2.1m and spending of $1.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Manhattan Bowery Management Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Enlace de Familias de Holyoke Holyoke Family Network Inc ($2.1m), Local 57 Operating Engineers Apprenticeship & Skill Improvement ($2.1m) and Community Link ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.1m against liabilities of $134k, net assets of $3.9m. It reported 41 employees.