Morningstar Senior Living Foundation

Analysis

Morningstar Senior Living Foundation is a registered charity in United States, based in Nazareth, PA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morningstar Senior Living Foundation reported income of $415k and spending of $230k, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $313k to $415k (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morningstar Senior Living Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Senior Affordable Housing Corp No 1 ($415k), Lexington Home Ownership Commission II Inc ($415k) and Mountain Moving Ministry ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $5.9m against liabilities of $20k, net assets of $5.9m.