N K Murphy Education Corporation

Analysis

N K Murphy Education Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, N K Murphy Education Corporation reported income of $1.4m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, N K Murphy Education Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.4m), Childrens International Summer Villages Inc ($1.4m) and Colorado Preservation Inc-Cpi ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $103k (7.1% of expenses). Other salaries and wages came to $720k. At year end it held assets of $2.1m against liabilities of $427k, net assets of $1.7m. It reported 17 employees.