Andrew McMorris Foundation Inc

Analysis

Andrew McMorris Foundation Inc is a registered charity in United States, based in Wading River, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Andrew McMorris Foundation Inc reported income of $103k and spending of $80k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $103k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Andrew McMorris Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Maimonides Hebrew Day School ($103k), Pine Springs Preparatory Academy PTO ($103k) and Westwood Debate and Speech Boosters ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $61k against liabilities of $1,025, net assets of $60k.