Morningstar Senior Living Inc

Analysis

Morningstar Senior Living Inc is a registered charity in United States, based in Nazareth, PA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Morningstar Senior Living Inc reported income of $30.6m and spending of $34.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.1m to $30.6m (+32%), an average of +7.3% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morningstar Senior Living Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Learning Ally Inc ($30.6m), Childrens Aid and Family Services Inc ($30.6m) and Blue Grass Community Action Partnership Inc ($30.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (3.3% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $124.5m against liabilities of $130.8m, net assets of -$6.3m. It reported 556 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.