Manatee Memorial Foundation Inc

Analysis

Manatee Memorial Foundation Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in May 1993, 33 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 August 2023, Manatee Memorial Foundation Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $818k to $1.2m (+49%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Manatee Memorial Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Ezra Lkallah Inc ($1.2m), A Step Ahead Foundation of Middle Tennessee Inc ($1.2m) and Greater Longview United Way Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $385k. At year end it held assets of $1.7m against liabilities of $5,739, net assets of $1.7m. It reported 4 employees.