Manchester Education Fund Inc 7 Summer St

Analysis

Manchester Education Fund Inc 7 Summer St is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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, Manchester Education Fund Inc 7 Summer St reported income of $85k and spending of $87k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $85k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Education Fund Inc 7 Summer St sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Ridgewood Parent-Teacher Co-Op ($85k), Greenville Lioness Lions Club ($85k) and Saint Michael Foundation Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $828k against liabilities of $0, net assets of $828k.