Elisabeth Reeve Morrow Morgan Foundation Inc

Analysis

Elisabeth Reeve Morrow Morgan Foundation Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in November 1936, 90 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elisabeth Reeve Morrow Morgan Foundation Inc reported income of $77k and spending of $253k, spending 330% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $77k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income rose by 483%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elisabeth Reeve Morrow Morgan Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include North Tonawanda Inter-Church Food Pantry ($77k), Philharmonia Orchestra of Tucson ($77k) and Fry Healthcare Foundation ($77k).

At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.