Manhattan Chamber of Commerce Foundation

Analysis

Manhattan Chamber of Commerce Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Manhattan Chamber of Commerce Foundation reported income of $981k and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $981k (+503%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Chamber of Commerce Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Rogers Development Foundation Inc ($981k), The Horizon School ($981k) and Childrens Learning Center Inc ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $42k (3.7% of expenses). Other salaries and wages came to $574k. At year end it held assets of $2.1m against liabilities of $1.5m, net assets of $596k. It reported 9 employees.