Morgan County Schools Foundation

Analysis

Morgan County Schools Foundation is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Morgan County Schools Foundation reported income of $331k and spending of $103k, leaving 69% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $50k to $331k (+559%), an average of +559% a year. The sharpest change came in the year to September 2023, when income rose by 559%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgan County Schools Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Innovation Institute for Tomorrow Inc ($331k), The Clarksburg Childrens House Inc ($331k) and Folds of Honor Foundation ($331k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $14k. At year end it held assets of $322k against liabilities of $920, net assets of $322k. It reported 1 employees.