Murphslife Foundation

Analysis

Murphslife Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in February 2022, 4 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, Murphslife Foundation reported income of $3.2m and spending of $2.2m, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.7m to $3.2m (-15%), an average of -14% a year. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Murphslife Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within UT. Charities of a similar size with the same main cause include Jimmy Simpson Foundation ($3.2m), Partners in Evangelism Inc ($3.2m) and Haven of Hope Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $30k (1.4% of expenses). Other salaries and wages came to $83k. At year end it held assets of $3.7m against liabilities of $89k, net assets of $3.6m. It reported 7 employees.