Morningside Institute Inc

Analysis

Morningside Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Morningside Institute Inc reported income of $431k and spending of $834k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $431k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morningside Institute Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Hills & Falls Community Nursery School Incorporated ($431k), Nacs Foundation ($431k) and Pioneer Family Academy ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (15% of expenses). Other salaries and wages came to $236k. At year end it held assets of $259k against liabilities of $973, net assets of $258k. It reported 6 employees.