Morningside Area Alliance Inc

Analysis

Morningside Area Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1949, 77 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Morningside Area Alliance Inc reported income of $130k and spending of $169k, spending 130% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $158k to $130k (-17%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Morningside Area Alliance Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Tomball Rotary Foundation ($130k), Consider the Lilies Thrift Shop Inc ($130k) and Barnes Community Development Corporation ($130k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $482, net assets of $39k.