Take Stock in Children of Manatee County Inc

Analysis

Take Stock in Children of Manatee County Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Take Stock in Children of Manatee County Inc reported income of $1.2m and spending of $708k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $830k to $1.2m (+48%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Take Stock in Children of Manatee County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Impact 100 Palm Beach County Inc ($1.2m), Stanley & Dorothy Frank Family Foundation ($1.2m) and New Hope Initiative Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $108k (15% of expenses). Other salaries and wages came to $324k. At year end it held assets of $4.5m against liabilities of $22k, net assets of $4.5m. It reported 8 employees.