Morning Star Development

Analysis

Morning Star Development is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Morning Star Development reported income of $1.9m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Morning Star Development sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Brigitte & Bobby Sherman Foundation ($1.9m), Proem Support Ministries Inc ($1.9m) and International Esperanza Project ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $121k (6.0% of expenses). Other salaries and wages came to $690k. At year end it held assets of $2.2m against liabilities of $306k, net assets of $1.9m. It reported 12 employees.