Manatee Education Foundation Inc

Analysis

Manatee Education Foundation Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Manatee Education Foundation Inc reported income of $837k and spending of $974k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $875k to $837k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manatee Education Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Franklin County Community Housing Council Inc ($837k), Texas Bandmasters Association Inc ($837k) and National Maritime Historical Society ($837k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $82k. At year end it held assets of $1.1m against liabilities of $112k, net assets of $965k. It reported 3 employees.