Mangum Foundation

Analysis

Mangum Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Mangum Foundation reported income of $95k and spending of $91k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $95k (+65%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 65%. 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, Mangum Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Pasco-Kennewick Rotary Charitable Trust ($95k), South Uptown Neighborhood Association ($95k) and Legacy Builders Foundation Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $36k, net assets of $19k.