Manhattan 2 Group Inc

Analysis

Manhattan 2 Group Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2024, Manhattan 2 Group Inc reported income of $100k and spending of $38k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $123k to $100k (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manhattan 2 Group Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Harvard University Band Inc ($100k), Optimo Foundation ($100k) and Festival of Cinema Inc ($100k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.