Manhattan Retirement Foundation Inc

Analysis

Manhattan Retirement Foundation Inc is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Retirement Foundation Inc reported income of $30.1m and spending of $29.4m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $26.6m to $30.1m (+13%), an average of +4.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Manhattan Retirement Foundation Inc 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 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include South Central Missouri Community Health Center ($30.1m), Easter Seals Serving Dc-Md-Va Inc ($30.2m) and Parcare Community Health Network Inc ($30.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $995k (3.4% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $83.1m against liabilities of $90.3m, net assets of -$7.2m. It reported 729 employees.