Morton Foundation

Analysis

Morton Foundation is a registered charity in United States, based in Reynoldsburg, OH. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Morton Foundation reported income of $534k and spending of $818k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $747k to $534k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Morton Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Virginia Independent Schools Athletic Association ($533k), Liberty and Loyalty Foundation Inc ($534k) and Journeymen Wrestling Club Ltd ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $148k (18% of expenses). Other salaries and wages came to $389k. At year end it held assets of $901k against liabilities of $0, net assets of $901k. It reported 28 employees.