Historic Morven Inc

Analysis

Historic Morven Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Historic Morven Inc reported income of $1.3m and spending of $1.7m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.3m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 669%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Morven Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Broadway Bound Childrens Theatre ($1.3m), Womens Studio Workshop Inc ($1.3m) and Athletes for Israel Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $155k (8.9% of expenses). Other salaries and wages came to $449k. At year end it held assets of $25.2m against liabilities of $108k, net assets of $25.1m. It reported 22 employees.