Morningside Ministries

Analysis

Morningside Ministries is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 1963, 63 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, Morningside Ministries reported income of $46.1m and spending of $42.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.9m to $46.1m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morningside Ministries sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Disability Services of the Southwest ($46.0m), Emergency Assistance Foundation Inc ($46.1m) and United Food Bank ($46.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $670k (1.6% of expenses). Other salaries and wages came to $16.0m. It paid $69k in professional fundraising fees. At year end it held assets of $150.4m against liabilities of $127.7m, net assets of $22.8m. It reported 717 employees.