The Moorings Incorporated

Analysis

The Moorings Incorporated is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Moorings Incorporated reported income of $132.9m and spending of $134.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84.0m to $132.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Moorings Incorporated sits at the 100th 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 FL. Charities of a similar size with the same main cause include Central Pennsylvania Food Bank ($132.6m), Metropolitan Family Services ($133.8m) and Foundation for Food and Agriculture Research ($132.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 93% of the total. Other salaries and wages came to $23.5m. At year end it held assets of $1.08bn against liabilities of $1.02bn, net assets of $53.2m. It reported 686 employees.