Morrisville Innovation Foundation

Analysis

Morrisville Innovation Foundation is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Morrisville Innovation Foundation reported income of $51k and spending of $51k, spending 100% of its income. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Morrisville Innovation Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Rimta Foundation ($51k), Apmi International Inc ($51k) and Advancect Foundation Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $23k, net assets of $13k.