Bill and Sara Morgan Real Estate Foundation

Analysis

Bill and Sara Morgan Real Estate Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Bill and Sara Morgan Real Estate Foundation reported income of $235k and spending of $269k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $980k to $235k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bill and Sara Morgan Real Estate Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Case Barlow Farm ($235k), SST Productions ($235k) and Sacramento Preparatory Music Academy ($235k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $2.0m against liabilities of $2,450, net assets of $2.0m.

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.