The Morton Center Inc

Analysis

The Morton Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Morton Center Inc reported income of $1.3m and spending of $1.6m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.3m (+1.2%), an average of +0.3% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Morton Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Envision Sight Inc ($1.3m), Lincoln Law School of San Jose ($1.3m) and University of TX at San Antonio ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $261k (16% of expenses). Other salaries and wages came to $725k. At year end it held assets of $2.7m against liabilities of $107k, net assets of $2.6m. It reported 21 employees.