Manna University

Analysis

Manna University is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Manna University reported income of $1.4m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manna University sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Black Owners of Solar Services ($1.4m), The Jewish Education Agency ($1.4m) and Independent Marylanders Achieving Growth Through Empowerment Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $61k (3.9% of expenses). Other salaries and wages came to $845k. At year end it held assets of $567k against liabilities of $210k, net assets of $357k. It reported 92 employees.