The Manna Project Inc

Analysis

The Manna Project Inc is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Manna Project Inc reported income of $2.6m and spending of $2.2m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Manna Project Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Boy Scouts of America ($2.6m), Golden Circle Senior Citizens Council ($2.6m) and Christian Churches United of the Tri-County Area ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $102k (4.6% of expenses). Other salaries and wages came to $268k. At year end it held assets of $2.8m against liabilities of $95k, net assets of $2.7m. It reported 10 employees.