Morselife Health System Inc

Analysis

Morselife Health System 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. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Morselife Health System Inc reported income of $15.0m and spending of $14.0m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $10.9m to $15.0m (+37%), an average of +8.2% a year. The sharpest change came in the year to May 2020, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morselife Health System Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Cares of Ny Inc ($15.0m), Catholic Charities of Fairfield ($15.0m) and Community Drug Board Inc ($15.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $549k (3.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.4m against liabilities of $976k, net assets of $10.4m. It reported 71 employees.