Morris College

Analysis

Morris College is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in September 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Morris College reported income of $18.2m and spending of $19.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $18.2m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morris College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include P E O Foundation ($18.2m), Villa Esperanza Services ($18.2m) and Buckley Country Day School ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $295k (1.5% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $45.6m against liabilities of $2.6m, net assets of $43.0m. It reported 227 employees.