The Fred J Morganthall II Foundation

Analysis

The Fred J Morganthall II Foundation is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, The Fred J Morganthall II Foundation reported income of $331k and spending of $306k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $387k to $331k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fred J Morganthall II Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include John D Barrow Collection or Art Gallery ($331k), Sheltercare Providers of San Diego Inc ($331k) and Friends of the Bay Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.