Manchester Education Fund Inc 7 Summer St
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Manchester Education Fund Inc 7 Summer St is a 501(c)(3) organization based in Gloucester, Massachusetts, registered in 1977, with $82,203 in FY2024 revenue. CharityIndex grades it C.
109 Main St, Gloucester, MA, 01930 EIN 23-7432493 Since 1977
Revenue (FY2024)
$82K
▼ 3.6% vs prior year
Expenses (FY2024)
$96K
Net assets
$815K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Manchester Education Fund Inc 7 Summer St— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating102 mo reserves · -16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Manchester Education Fund Inc 7 Summer St: 102 mo reserves · -16% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Manchester Education Fund Inc 7 Summer St— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Manchester Education Fund Inc 7 Summer St: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 109 Main St, Gloucester, MA, 01930
- City
- Gloucester
- State
- Massachusetts
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $41K (FY2020) to $82K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $815K
Operating margin
-16.4%
Spent more than it raised in the latest fiscal year.
Total assets
$815K
Total liabilities
$0
Net assets
$815K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $82,203▼3.6% | $95,689▲10.3% | $815,446▼1.5% | $815,446▼1.5% | 990 |
| 2023 | $85,301▼19.6% | $86,772▲11.8% | $827,622▲0.3% | $827,622▲0.3% | 990 |
| 2022 | $106,053▼8.4% | $77,608▼3.3% | $824,834▲3.7% | $824,834▲3.7% | 990 |
| 2021 | $115,824▲183% | $80,281▲82.8% | $795,727▲4.7% | $795,727▲4.7% | 990 |
| 2020 | $40,897 | $43,919 | $760,350 | $760,350 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Manchester Education Fund Inc 7 Summer St a legitimate nonprofit?
- Yes. Manchester Education Fund Inc 7 Summer St is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7432493, based in Gloucester, Massachusetts. Donations are tax-deductible.
- What is Manchester Education Fund Inc 7 Summer St's EIN?
- Manchester Education Fund Inc 7 Summer St's Employer Identification Number (EIN) is 23-7432493.
- How much revenue does Manchester Education Fund Inc 7 Summer St report?
- Manchester Education Fund Inc 7 Summer St reported $82,203 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Manchester Education Fund Inc 7 Summer St have?
- CharityIndex grades Manchester Education Fund Inc 7 Summer St C, based on financial health (reserves and operating margin).
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Data for Manchester Education Fund Inc 7 Summer St (EIN 23-7432493) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.