The Moorings Educational Foundation Inc

Analysis

The Moorings Educational Foundation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in July 2009, 17 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 December 2023, The Moorings Educational Foundation Inc reported income of $108k and spending of $75k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $108k (-19%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Moorings Educational Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Sweet Apple Elementary PTO Inc ($108k), Oconee County Warrior Foundation Inc ($108k) and Robinson Education Foundation ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $254k against liabilities of $26k, net assets of $228k.