Morse Foundation

Analysis

Morse Foundation is a registered charity in United States, based in Pebble Beach, CA. It received its IRS tax-exemption ruling in December 2014, 12 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 2024, Morse Foundation reported income of $697k and spending of $183k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $319k to $697k (+118%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Morse Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Appleseed Foundation Inc ($697k), Give270 ($697k) and Flint YMCA Foundation ($696k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.