Greater Manhattan Community Foundation

Analysis

Greater Manhattan Community Foundation is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Greater Manhattan Community Foundation reported income of $37.4m and spending of $17.5m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.6m to $37.4m (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 330%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Manhattan Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Permian Basin Area Foundation ($37.3m), Elks National Foundation Inc ($37.4m) and United Way of Southwest New Mexico ($36.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $291k (1.7% of expenses). Other salaries and wages came to $377k. At year end it held assets of $162.6m against liabilities of $12.4m, net assets of $150.2m. It reported 17 employees.