Morgantown Community Resources Inc

Analysis

Morgantown Community Resources Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Morgantown Community Resources Inc reported income of $1.2m and spending of $849k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.5m to $1.2m (-65%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 242%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morgantown Community Resources Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within WV. Charities of a similar size with the same main cause include Jessie T Langworthy Trust ($1.2m), Movimiento Poder ($1.2m) and Vietnamese Buddhist Church of America ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 38% of the total. At year end it held assets of $11.6m against liabilities of $897k, net assets of $10.7m.