Morningside Day-Out Inc

Analysis

Morningside Day-Out Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Morningside Day-Out Inc reported income of $476k and spending of $571k, spending 120% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $372k to $476k (+28%), an average of +5.0% a year. The sharpest change came in the year to August 2022, when income rose by 77%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morningside Day-Out Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include All Saints Elementary of Tipperaryhill ($475k), Licking Valley College Development Corporation Inc ($476k) and Engaged Community Offshoots ($475k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $37k (6.5% of expenses). Other salaries and wages came to $328k. At year end it held assets of $83k against liabilities of $54k, net assets of $29k. It reported 29 employees.