Manhattan Chamber Foundation

Analysis

Manhattan Chamber Foundation is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in March 1999, 27 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, Manhattan Chamber Foundation reported income of $78k and spending of $113k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8,046 to $78k (+867%), an average of +76% a year. The sharpest change came in the year to December 2021, when income rose by 2263%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Manhattan Chamber Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KS. Charities of a similar size with the same main cause include Benton Community Development Group ($78k), Rotary Club of Orlando Foundation Inc ($78k) and Edenton-Chowan Partnership Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $336k against liabilities of $0, net assets of $336k.