Morgenstern Workshop

Analysis

Morgenstern Workshop is a registered charity in United States, based in Geneva, IN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Morgenstern Workshop reported income of $101k and spending of $125k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $259k to $101k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Morgenstern Workshop sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Pentwater Artisan Learning Center Inc ($101k), Connex Foundation Inc ($101k) and Cass Logansport Economic Development Orgization Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $396k against liabilities of $0, net assets of $396k.