Mantec Inc

Analysis

Mantec Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in March 1990, 36 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 (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, Mantec Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.2m (+9.5%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mantec Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Central Carolina Economic Development Alliance ($2.2m), Custer County Foundation Inc ($2.2m) and Nebraska Economic Development Corporation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $435k (20% of expenses). Other salaries and wages came to $745k. At year end it held assets of $2.9m against liabilities of $904k, net assets of $2.0m. It reported 14 employees.