Morselife Foundation Inc

Analysis

Morselife Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Morselife Foundation Inc reported income of $7.3m and spending of $11.6m, spending 158% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $5.9m to $7.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to May 2023, when income dropped by 49%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morselife Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Birmingham Urban League Inc ($7.3m), Delaware Association of Rehabilitation Facilities Corporat ($7.3m) and National Fenestration Rating ($7.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $967k (8.3% of expenses). Other salaries and wages came to $483k. At year end it held assets of $45.3m against liabilities of $32.5m, net assets of $12.9m. It reported 18 employees.