Morningstar Inc

Analysis

Morningstar Inc is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in June 2004, 22 years ago. 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 June 2024, Morningstar Inc reported income of $214k and spending of $246k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $214k (+5.8%), an average of +1.4% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morningstar Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Las Vegas Intergroup of Alcoholics Anonymous ($214k), San Diego Indoor Sports Inc ($214k) and Childrens Haven Inc ($214k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (13% of expenses). Other salaries and wages came to $75k. At year end it held assets of $24k against liabilities of $1,958, net assets of $22k. It reported 12 employees.