Morris Community Foundation

Analysis

Morris Community Foundation is a registered charity in United States, based in Morris, IL. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Morris Community Foundation reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $1.3m (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 559%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Morris Community Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Northwest Iowa Community College Foundation ($1.3m), Friends of National Guard Families ($1.3m) and United Ways of Texas Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $113k (8.3% of expenses). Other salaries and wages came to $74k. At year end it held assets of $16.4m against liabilities of $4,154, net assets of $16.4m. It reported 3 employees.