Joseph Manzi Foundation Inc
Joseph Manzi Foundation Inc. maintains zero liabilities amidst fluctuating revenues and expenses.
EIN: 208688836 · Kensington, CT · NTEE: B82 · Updated: 2026-03-28
Is Joseph Manzi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph Manzi Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph Manzi Foundation Inc
Joseph Manzi Foundation Inc (EIN: 208688836) is a nonprofit organization based in Kensington, CT, classified under NTEE code B82. The organization reported total revenue of $36K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph Manzi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph Manzi Foundation Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $23K |
| Surplus / Deficit | $-5,956 |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | -34.1% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Joseph Manzi Foundation Inc reported a deficit of $6K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Joseph Manzi Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.7% | +34.6% | -15.2% |
| 2022 | +727.5% | -13.2% | +12.5% |
| 2021 | -91.1% | +73.4% | -33.4% |
| 2020 | +92.6% | +19.3% | +52.7% |
| 2019 | -22.9% | -59.4% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joseph Manzi Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Joseph Manzi Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for directing funds towards the organization's mission given its small size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Joseph Manzi Foundation Inc's IRS 990 filings:
- Inconsistent revenue streams leading to fluctuating financial performance
- Several years with expenses exceeding revenue (e.g., 2023, 2021, 2018, 2017, 2016, 2015)
Strengths
The following positive indicators were identified for Joseph Manzi Foundation Inc:
- Consistent reporting of zero liabilities, indicating no debt burden
- 0% officer compensation across all filings, ensuring funds are not diverted to executive salaries
- Consistent IRS 990 filing history, demonstrating transparency and compliance
Frequently Asked Questions about Joseph Manzi Foundation Inc
Is Joseph Manzi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph Manzi Foundation Inc (EIN: 208688836) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Joseph Manzi Foundation Inc spend its money?
Joseph Manzi Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joseph Manzi Foundation Inc tax-deductible?
Joseph Manzi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208688836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joseph Manzi Foundation Inc. financially stable?
While the foundation has experienced years where expenses exceeded revenue (e.g., 2023, 2021), its consistent reporting of zero liabilities and a stable asset base (latest $54,252) suggests a degree of financial stability, likely relying on accumulated reserves during leaner periods.
How does the foundation manage its expenses?
The foundation consistently reports 0% officer compensation, indicating a lean operational structure regarding executive salaries. However, without a detailed breakdown of other expenses, it's challenging to fully assess overall expense management efficiency.
What is the trend in the foundation's revenue?
Revenue for the Joseph Manzi Foundation Inc. has been inconsistent, fluctuating significantly year-to-year. For example, revenue was $2,625 in 2021 but jumped to $21,723 in 2022 and $17,450 in 2023, making it difficult to project future income reliably.
Filing History
IRS 990 filing history for Joseph Manzi Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joseph Manzi Foundation Inc's revenue has declined by 51.9%, moving from $36K to $17K. Total assets decreased by 50.9% over the same period, from $68K to $33K. Total functional expenses fell by 11.4%, from $26K to $23K. In its most recent filing year (2023), Joseph Manzi Foundation Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $23K | $33K | $0 | — | View 990 |
| 2022 | $22K | $17K | $39K | $0 | — | View 990 |
| 2021 | $3K | $20K | $35K | $0 | — | — |
| 2020 | $29K | $12K | $52K | $0 | — | — |
| 2019 | $15K | $10K | $34K | $0 | — | View 990 |
| 2018 | $20K | $24K | $29K | $0 | — | View 990 |
| 2017 | $16K | $23K | $33K | $0 | — | View 990 |
| 2016 | $23K | $33K | $40K | $0 | — | View 990 |
| 2015 | $23K | $31K | $50K | $0 | — | View 990 |
| 2014 | $33K | $33K | $57K | $0 | — | View 990 |
| 2013 | $17K | $29K | $56K | $0 | — | View 990 |
| 2012 | $12K | $11K | $68K | $0 | — | View 990 |
| 2011 | $36K | $26K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $23K, and assets of $33K (revenue -19.7% year-over-year).
- 2022: Revenue of $22K, expenses of $17K, and assets of $39K (revenue +727.5% year-over-year).
- 2021: Revenue of $3K, expenses of $20K, and assets of $35K (revenue -91.1% year-over-year).
- 2020: Revenue of $29K, expenses of $12K, and assets of $52K (revenue +92.6% year-over-year).
- 2019: Revenue of $15K, expenses of $10K, and assets of $34K (revenue -22.9% year-over-year).
- 2018: Revenue of $20K, expenses of $24K, and assets of $29K (revenue +25.7% year-over-year).
- 2017: Revenue of $16K, expenses of $23K, and assets of $33K (revenue -31.4% year-over-year).
- 2016: Revenue of $23K, expenses of $33K, and assets of $40K (revenue -0.6% year-over-year).
- 2015: Revenue of $23K, expenses of $31K, and assets of $50K (revenue -30.9% year-over-year).
- 2014: Revenue of $33K, expenses of $33K, and assets of $57K (revenue +99.9% year-over-year).
- 2013: Revenue of $17K, expenses of $29K, and assets of $56K (revenue +42.1% year-over-year).
- 2012: Revenue of $12K, expenses of $11K, and assets of $68K (revenue -67.5% year-over-year).
- 2011: Revenue of $36K, expenses of $26K, and assets of $68K.
Data Sources and Methodology
This transparency report for Joseph Manzi Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.