Morgandale Commons Inc

Analysis

Morgandale Commons Inc is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Morgandale Commons Inc reported income of $71k and spending of $130k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $71k (-0.2%), an average of +-0.0% a year. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morgandale Commons Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Maxcen Housing Society Inc New Mexico Branch ($71k), Shalom Apartments of Federation Housing Inc ($71k) and Friendship Mission ($71k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$389k.

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.