Morgan State University Foundation Incorporated

Analysis

Morgan State University Foundation Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Morgan State University Foundation Incorporated reported income of $27.3m and spending of $16.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.3m to $27.3m (+164%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 798%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgan State University Foundation Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Scholarships for Kids Inc ($27.3m), America First Policy Institute ($27.3m) and Providence Academy ($27.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $165.7m against liabilities of $671k, net assets of $165.0m.