Manhattan Charter School

Analysis

Manhattan Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2013, 13 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, Manhattan Charter School reported income of $6.6m and spending of $6.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.9m to $6.6m (-16%), an average of -5.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Charter School 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Ucsf Foundation Investment Company ($6.6m), Military Bowl Foundation Inc ($6.6m) and Connecticut Rise Network Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $821k (12% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $9.1m against liabilities of $772k, net assets of $8.4m. It reported 69 employees.