Morys Preservation Inc

Analysis

Morys Preservation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Morys Preservation Inc reported income of $914k and spending of $357k, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $584k to $914k (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 523%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morys Preservation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Albany Museum of Art Incorporated ($914k), Barnegat Bay Decoy & Baymens Museum ($914k) and Community Pride Advocates Inc ($914k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $3.6m against liabilities of $2,853, net assets of $3.6m.