Manifold for Charity

Analysis

Manifold for Charity is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Manifold for Charity reported income of $3.0m and spending of $2.6m, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $500k to $3.0m (+507%), an average of +507% a year. The sharpest change came in the year to December 2023, when income rose by 507%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manifold for Charity sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include The Center for Safer Communities ($3.0m), Martin Pollak Project Inc ($3.0m) and Westerville Area Resource Ministry ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $83k (3.2% of expenses). At year end it held assets of $1.0m against liabilities of $134k, net assets of $870k. It reported 1 employees.