Manhattan Beach Education Foundation

Analysis

Manhattan Beach Education Foundation is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Manhattan Beach Education Foundation reported income of $8.5m and spending of $7.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $8.5m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Beach Education Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Richmont Graduate University ($8.5m), Delaware Military Academy Inc ($8.5m) and Franklin Academy Incorporated ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $148k (1.9% of expenses). Other salaries and wages came to $281k. At year end it held assets of $9.6m against liabilities of $2.2m, net assets of $7.4m. It reported 10 employees.