Uncategorized IRS Verified DX Registered 990 on File

TOWER FOUNDATION OF MANHASSET INC

EIN: 11-3055013 · MANHASSET, NY 11030-0421 · United States · FY 2024 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 91/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Nothing attests to the strength and vitality of a community like its public school system. In Manhasset, we're proud of the excellent education our schools provide, and we aim to keep it that way! Whether or not you have children or grandchildren in school now, we invite you to join us in working to ensure that Manhasset's public schools remain top tier - for the sake of our students and of our community.

Financial Overview — FY 2024

$91K

Total Revenue

$72K

Total Expenses

$665K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 77.2%

Fundraising Efficiency 0.0%

Operating Reserve 110.81x

Liability-to-Asset 0.0%

Revenue Diversification 63.6%

Compared with Peers

Peer comparison is not available for this organization.

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$91K	$72K	$665K	77.2%
2023	$114K	$155K	$645K	91.3%
2022	$159K	$43K	$686K	51.0%
2021	$41K	$79K	N/A	—

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Organization Details

EIN: 11-3055013
State: NY
City: MANHASSET
ZIP: 11030-0421
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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