Morningstar Family Foundation Inc

Analysis

Morningstar Family Foundation Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Morningstar Family Foundation Inc reported income of $152k and spending of $159k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $152k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 266%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Morningstar Family Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within KS. Charities of a similar size with the same main cause include Buzzards Sailing School Inc ($152k), Mosinee Silverblades Figure Skating Club Inc ($152k) and Indiana State High School Hockey Association Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.