Glenda G Morgan Charitable Foundation Inc

Analysis

Glenda G Morgan Charitable Foundation Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Glenda G Morgan Charitable Foundation Inc reported income of $1.2m and spending of $731k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Glenda G Morgan Charitable Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Nanuet Family Resources Center Inc ($1.2m), Brookdale Community College Foundation Trust ($1.2m) and No Boundaries Transitional Housing Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $67k (9.2% of expenses). At year end it held assets of $18.7m against liabilities of $550k, net assets of $18.2m.