The Village at Morrisons Cove

Analysis

The Village at Morrisons Cove is a registered charity in United States, based in Martinsburg, PA. It received its IRS tax-exemption ruling in March 1962, 64 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Village at Morrisons Cove reported income of $13.9m and spending of $14.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.7m to $13.9m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Village at Morrisons Cove sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include College of the Menominee Nation ($13.9m), Jewish Community Center of Greater Columbus ($13.9m) and Mercycare Service Corporation ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $417k (2.9% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $14.4m against liabilities of $6.7m, net assets of $7.6m. It reported 290 employees.