Morgante Wilson Foundation

Analysis

Morgante Wilson Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Morgante Wilson Foundation reported income of $74k and spending of $75k, spending 102% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $100 to $74k (+73436%), an average of +2612% a year. The sharpest change came in the year to May 2022, when income rose by 112440%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Morgante Wilson Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include United Way of Boone County Iowa Inc ($74k), Ibew Local 41 Charitable Foundation Inc ($74k) and The Robbie Levine Foundation ($74k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.