Andrew Morehouse Trust Association Inc

Analysis

Andrew Morehouse Trust Association Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 2004, 22 years ago. 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, Andrew Morehouse Trust Association Inc reported income of $293k and spending of $74k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $293k (+154%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 390%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Andrew Morehouse Trust Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Mary I Gourley Scholarship Foundation ($293k), Eastside Community Aid ($293k) and National Association for Equal Opportunity in Higher Education ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.