Morgan Adams Foundation

Analysis

Morgan Adams Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morgan Adams Foundation reported income of $2.1m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.1m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morgan Adams Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Northwest Health Foundation Fund II ($2.1m), Catalysis Inc ($2.1m) and Central Ohio Hospital Council ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $130k (5.9% of expenses). Other salaries and wages came to $490k. At year end it held assets of $682k against liabilities of $204k, net assets of $478k. It reported 16 employees.