Morrison Education Group Inc

Analysis

Morrison Education Group Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Morrison Education Group Inc reported income of $10.3m and spending of $10.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $10.3m (+149%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morrison Education Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Innovation Charter High School ($10.3m), Patel Institute for Innovation Inc ($10.3m) and Summit Learning Center ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $172k (1.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $26.4m against liabilities of $26.9m, net assets of -$589k. It reported 138 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.