Manchester Development Corporation
Manchester Development Corporation maintains over $4M in assets with volunteer leadership and fluctuating, but generally covered, expenses.
EIN: 20372894 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $103K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Manchester Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manchester Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manchester Development Corporation
Manchester Development Corporation (EIN: 20372894) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $136K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manchester Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manchester Development Corporation is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $103K |
| Surplus / Deficit | $-8,115 |
| Total Assets | $4.1M |
| Net Assets | $4.1M |
| Operating Margin | -8.5% |
| Months of Reserves | 476.6 months |
Financial Health Grade: B
In 2023, Manchester Development Corporation reported a deficit of $8K with expenses exceeding revenue, holds 476.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Manchester Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.9% | +2437.1% | -0.2% |
| 2022 | -9.8% | -84.4% | +1.0% |
| 2021 | -43.3% | -92.5% | +0.5% |
| 2020 | -16.4% | +433.7% | -11.0% |
| 2019 | +33.9% | +60.3% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Manchester Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Manchester Development Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers or that compensation is covered by other means, which is highly efficient for an organization with over $4 million in assets.
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 Manchester Development Corporation's IRS 990 filings:
- Significant expense exceeding revenue in 2020 ($348,336 expenses vs. $84,628 revenue)
Strengths
The following positive indicators were identified for Manchester Development Corporation:
- Consistent zero officer compensation across all filings
- Strong asset base, consistently over $4 million
- Generally low liabilities, often reported as $0
- Long and consistent filing history demonstrating transparency
Frequently Asked Questions about Manchester Development Corporation
Is Manchester Development Corporation a legitimate charity?
Manchester Development Corporation (EIN: 20372894) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $136K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Manchester Development Corporation spend its money?
Manchester Development Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Manchester Development Corporation tax-deductible?
Manchester Development Corporation is registered as a tax-exempt nonprofit (EIN: 20372894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Manchester Development Corporation CEO make?
Manchester Development Corporation's highest-compensated officer earns $4 annually. The organization reported $136K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Manchester Development Corporation's spending goes to programs?
Manchester Development Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Manchester Development Corporation located?
Manchester Development Corporation is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20372894.
How many years of IRS 990 filings does Manchester Development Corporation have?
Manchester Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $136K in total revenue.
How does Manchester Development Corporation sustain its operations with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies on volunteer leadership or that any administrative costs are covered through other non-compensation expense categories, allowing more funds to be directed to its mission.
What caused the significant expense spike in 2020 ($348,336) compared to revenue ($84,628)?
The filing data indicates a substantial deficit in 2020. Further investigation into the specific program or administrative activities during that period would be necessary to understand the nature of these elevated expenses.
What is the primary source of Manchester Development Corporation's revenue?
While the filings show fluctuating revenue (e.g., $95,197 in 2023, $43,289 in 2022), the specific breakdown of revenue sources (e.g., grants, donations, program service revenue) is not detailed in the provided summary. This would require reviewing the full 990 forms.
Filing History
IRS 990 filing history for Manchester Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manchester Development Corporation's revenue has grown by 56.6%, moving from $61K to $95K. Total assets decreased by 4.8% over the same period, from $4.3M to $4.1M. Total functional expenses rose by 132.3%, from $44K to $103K. In its most recent filing year (2023), Manchester Development Corporation reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $103K | $4.1M | $0 | — | View 990 |
| 2022 | $43K | $4K | $4.1M | $0 | — | View 990 |
| 2021 | $48K | $26K | $4.1M | $0 | — | View 990 |
| 2020 | $85K | $348K | $4.0M | $0 | — | View 990 |
| 2019 | $101K | $65K | $4.6M | $238K | — | View 990 |
| 2018 | $76K | $41K | $4.3M | $4K | — | View 990 |
| 2017 | $133K | $53K | $4.4M | $988 | — | View 990 |
| 2016 | $37K | $11K | $4.3M | $0 | — | View 990 |
| 2015 | $38K | $8K | $4.3M | $200 | — | View 990 |
| 2014 | $68K | $37K | $4.3M | $0 | — | View 990 |
| 2013 | $46K | $36K | $4.3M | $13K | — | View 990 |
| 2012 | $62K | $135K | $4.2M | $1K | — | View 990 |
| 2011 | $61K | $44K | $4.3M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $103K, and assets of $4.1M (revenue +119.9% year-over-year).
- 2022: Revenue of $43K, expenses of $4K, and assets of $4.1M (revenue -9.8% year-over-year).
- 2021: Revenue of $48K, expenses of $26K, and assets of $4.1M (revenue -43.3% year-over-year).
- 2020: Revenue of $85K, expenses of $348K, and assets of $4.0M (revenue -16.4% year-over-year).
- 2019: Revenue of $101K, expenses of $65K, and assets of $4.6M (revenue +33.9% year-over-year).
- 2018: Revenue of $76K, expenses of $41K, and assets of $4.3M (revenue -43.1% year-over-year).
- 2017: Revenue of $133K, expenses of $53K, and assets of $4.4M (revenue +257.6% year-over-year).
- 2016: Revenue of $37K, expenses of $11K, and assets of $4.3M (revenue -2.1% year-over-year).
- 2015: Revenue of $38K, expenses of $8K, and assets of $4.3M (revenue -44.1% year-over-year).
- 2014: Revenue of $68K, expenses of $37K, and assets of $4.3M (revenue +48.7% year-over-year).
- 2013: Revenue of $46K, expenses of $36K, and assets of $4.3M (revenue -26.0% year-over-year).
- 2012: Revenue of $62K, expenses of $135K, and assets of $4.2M (revenue +1.6% year-over-year).
- 2011: Revenue of $61K, expenses of $44K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manchester Development Corporation:
Data Sources and Methodology
This transparency report for Manchester Development Corporation 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.