Manhattan Class Company Inc

Analysis

Manhattan Class Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Manhattan Class Company Inc reported income of $8.1m and spending of $10.2m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.7m to $8.1m (-57%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manhattan Class Company Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Norton Simon Museum of Art at Pasadena ($8.1m), Robertson Research Fund Inc ($8.1m) and Indiana Repertory Theatre Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $499k (4.9% of expenses). Other salaries and wages came to $3.9m. It paid $100k in professional fundraising fees. At year end it held assets of $30.2m against liabilities of $3.9m, net assets of $26.3m. It reported 454 employees.