Morton Community Foundation

Analysis

Morton Community Foundation is a registered charity in United States, based in Morton, IL. It received its IRS tax-exemption ruling in August 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 June 2023, Morton Community Foundation reported income of $2.7m and spending of $1.3m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $667k to $2.7m (+308%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 177%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Morton Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Humanities Council of Washington DC Inc ($2.7m), Korean-American Community Foundation Inc ($2.7m) and Invest in Others Charitablefoundation Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $121k (9.4% of expenses). Other salaries and wages came to $23k. At year end it held assets of $13.2m against liabilities of $996k, net assets of $12.2m. It reported 2 employees.