Morningside Senior Living

Analysis

Morningside Senior Living is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Senior Living reported income of $2.4m and spending of $2.9m, spending 123% of what it took in. The sharpest change came in the year to December 2022, when income rose by 749%. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morningside Senior Living sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Northwest Native Development Fund ($2.4m), Emergent Works Inc ($2.4m) and Maple Seed Farms Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 76% of the total. Other salaries and wages came to $445k. At year end it held assets of $26.8m against liabilities of $16.3m, net assets of $10.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.