Manhattan Library Foundation Inc

Analysis

Manhattan Library Foundation Inc is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Manhattan Library Foundation Inc reported income of $110k and spending of $215k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $110k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Library Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within KS. Charities of a similar size with the same main cause include National Executive Service Corps of South Florida Inc ($110k), Walt Fiegel Foundation ($110k) and Tustin Loma Vista Parent Teacher Organization ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.