Manchester-Bidwell Development Trust

Analysis

Manchester-Bidwell Development Trust is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manchester-Bidwell Development Trust reported income of $1.1m and spending of $195k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $226k to $1.1m (+398%), an average of +49% a year. The sharpest change came in the year to June 2023, when income rose by 394%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Manchester-Bidwell Development Trust sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include El Capitan Stadium Association Inc ($1.1m), Ohr Nosson Inc ($1.1m) and First Presbyterian Church Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $11.6m against liabilities of $6.2m, net assets of $5.3m.