Manhattan Chamber of Commerce Community Benefit Fund

Analysis

Manhattan Chamber of Commerce Community Benefit Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Manhattan Chamber of Commerce Community Benefit Fund reported income of $112k and spending of $93k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $112k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 1001%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Manhattan Chamber of Commerce Community Benefit Fund sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Geneva Lake Womens Association Inc ($112k), Hopkins Township Road Association ($112k) and Solid State Depot ($112k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $3,850, net assets of $69k. It reported 9 employees.