Manomet Inc

Analysis

Manomet Inc is a registered charity in United States, based in Manomet, MA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Manomet Inc reported income of $5.9m and spending of $7.0m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $5.9m (+59%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 117% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Manomet Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Truckee River Watershed Council ($5.9m), Occidental Arts and Ecology Center ($6.0m) and Cleveland Botanical Garden ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $610k (8.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $27.9m against liabilities of $420k, net assets of $27.5m. It reported 46 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.