Morris Brown College

Analysis

Morris Brown College is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2013, 13 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 Brown College reported income of $6.7m and spending of $5.1m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $2.0m to $6.7m (+240%), an average of +28% a year. The sharpest change came in the year to June 2019, when income rose by 195%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morris Brown College sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include The Monarch School Inc ($6.7m), Edison School of the Arts Inc ($6.7m) and Fresno State Bulldog Foundation ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $771k (15% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.2m against liabilities of $753k, net assets of $6.5m. It reported 84 employees.