Morehouse College

Analysis

Morehouse College is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1935, 91 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, Morehouse College reported income of $141.6m and spending of $141.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $122.6m to $141.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morehouse College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Whitworth University ($141.4m), Eckerd College ($143.9m) and Hampden-Sydney College ($141.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $11.9m (8.4% of expenses). Other salaries and wages came to $31.8m. It paid $10k in professional fundraising fees. At year end it held assets of $487.8m against liabilities of $20.0m, net assets of $467.8m. It reported 1,038 employees.