Manhattan Ace Inc

Analysis

Manhattan Ace Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Manhattan Ace Inc reported income of $258k and spending of $240k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $327k to $258k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Ace Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Watchung Borough Parent-Teacher Organization ($258k), Wings Collective Services ($258k) and Global Business Success Foundation ($258k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $31k against liabilities of $13k, net assets of $18k.