Morningcrest Healthcare Foundation

Analysis

Morningcrest Healthcare Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morningcrest Healthcare Foundation reported income of $4.2m and spending of $3.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $4.2m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 146%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morningcrest Healthcare Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Mount Sinai Health Partners PC ($4.2m), Choices Pregnancy Centers of Greater Phoenix Inc ($4.2m) and Jsas Healthcare Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. Compensation of current officers, directors and key employees was $219k (5.6% of expenses). Other salaries and wages came to $59k. At year end it held assets of $103.3m against liabilities of $3.2m, net assets of $100.1m. It reported 2 employees.