Manhattan Beach Education Foundation Endowment Fund

Analysis

Manhattan Beach Education Foundation Endowment Fund is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Manhattan Beach Education Foundation Endowment Fund reported income of $2.0m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Beach Education Foundation Endowment Fund 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 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Ambleside School ($2.0m), Finishing Trades Institute Ofdistrict Council 91 ($2.0m) and Asheville-Buncombe Technical Community College Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $23.6m against liabilities of $65k, net assets of $23.6m.