The Manhattan Beach Old Hometown Fair Association

Analysis

The Manhattan Beach Old Hometown Fair Association is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Manhattan Beach Old Hometown Fair Association reported income of $330k and spending of $318k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $249k to $330k (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Manhattan Beach Old Hometown Fair Association sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($330k), For Peace Inc ($330k) and Nashua N H Rotary Charity Fund Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.