Manatee Community Foundation Inc

Analysis

Manatee Community Foundation Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in September 1998, 28 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 June 2023, Manatee Community Foundation Inc reported income of $6.9m and spending of $7.9m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.7m to $6.9m (-20%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 77% 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 Community Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Community Foundation of the Quincy Area ($6.9m), Innovate Public Schools ($6.9m) and Just One Chesed Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $239k (3.0% of expenses). Other salaries and wages came to $172k. At year end it held assets of $60.5m against liabilities of $13.5m, net assets of $47.0m. It reported 7 employees.