North American Foundation for the University of Manchester Inc

Analysis

North American Foundation for the University of Manchester Inc is a registered charity in United States, based in Littleton, MA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, North American Foundation for the University of Manchester Inc reported income of $3.4m and spending of $1.4m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $3.4m (+751%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 632%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North American Foundation for the University of Manchester Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Community Foundation of Carroll County Inc ($3.4m), Jewish Community Foundation of ($3.4m) and United Way of Marathon County Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $7.7m against liabilities of $27k, net assets of $7.7m.