Manning Betterment Foundation

Analysis

Manning Betterment Foundation is a registered charity in United States, based in Manning, IA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Manning Betterment Foundation reported income of $903k and spending of $685k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $395k to $903k (+129%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Manning Betterment Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Mid Coast Construction Academy TR ($903k), Winterfest of Pensacola Inc ($904k) and Lake County Jatc ($902k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 62% of the total. Other salaries and wages came to $471k. At year end it held assets of $1.5m against liabilities of $11k, net assets of $1.5m. It reported 50 employees.