Morning Cheer Inc

Analysis

Morning Cheer Inc is a registered charity in United States, based in North East, MD. It received its IRS tax-exemption ruling in April 1959, 67 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Morning Cheer Inc reported income of $7.2m and spending of $7.6m, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $7.6m to $7.2m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to March 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Morning Cheer Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include The Church Initiative Inc ($7.2m), Wisconsin Foundation United Church of Christ Inc ($7.2m) and Mosdos Beth Yosef Zvi ($7.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 8.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $171k (2.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $7.2m against liabilities of $3.2m, net assets of $4.0m. It reported 217 employees.