Manchester University Inc

Analysis

Manchester University Inc is a registered charity in United States, based in N Manchester, IN. It received its IRS tax-exemption ruling in January 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manchester University Inc reported income of $63.4m and spending of $68.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $73.0m to $63.4m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manchester University Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include University of Vermont and State Agricultural College Foundation ($63.4m), The Seattle Academy of Arts and Sciences ($63.5m) and Morningside University ($63.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.9m (2.7% of expenses). Other salaries and wages came to $18.7m. It paid $28k in professional fundraising fees. At year end it held assets of $168.2m against liabilities of $26.4m, net assets of $141.9m. It reported 743 employees.