Morrissey-Compton Educational Center

Analysis

Morrissey-Compton Educational Center is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morrissey-Compton Educational Center reported income of $3.1m and spending of $3.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.1m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morrissey-Compton Educational Center sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Apache Junction Reach Out Inc ($3.1m), St Louis Center for International Relations ($3.1m) and Open Arms Temporary Living ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $216k (6.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.1m against liabilities of $90k, net assets of $1.0m. It reported 26 employees.