Friends of Morselife Inc

Analysis

Friends of Morselife Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Friends of Morselife Inc reported income of $164k and spending of $1.3m, spending 795% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.7m to $164k (-90%), an average of -44% a year. The sharpest change came in the year to May 2023, when income rose by 402%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Morselife Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include CCH Foundation USA ($164k), Academy for Child Advocacy and Family Support ($164k) and Dallas Intergroup Association ($164k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 228% of the total. Other salaries and wages came to $406k. At year end it held assets of $106k against liabilities of $2.0m, net assets of -$1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.