Friends of the Manhattan School for Children Inc

Analysis

Friends of the Manhattan School for Children Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1993, 33 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 (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, Friends of the Manhattan School for Children Inc reported income of $152k and spending of $147k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $370k to $152k (-59%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Manhattan School for Children Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Bond Co Community Unit 2 Academic Foundation Inc ($152k), Nuestra Senora de LA Vivienda Community Foundation Inc ($152k) and Ensign Partners Foundation Inc ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $98k against liabilities of $5,286, net assets of $93k.