President Harry S Truman Manor

Analysis

President Harry S Truman Manor is a registered charity in United States, based in Carmichael, CA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, President Harry S Truman Manor reported income of $101k and spending of $111k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $101k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, President Harry S Truman Manor sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Northwest Wisconsin Business Development Corporation ($101k), Jobs Daughters International ($101k) and PTA California Congress of Parents Teachers & Students Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Other salaries and wages came to $35k. At year end it held assets of $452k against liabilities of $31k, net assets of $421k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.