Morning Glory Enterprises

Analysis

Morning Glory Enterprises is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Morning Glory Enterprises reported income of $321k and spending of $316k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $242k to $321k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morning Glory Enterprises sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Foundation for Monte Del Sol Charter School ($321k), Nola Nature School Corporation ($321k) and The Oriental American Education Foundation ($321k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $76k (24% of expenses). Other salaries and wages came to $136k. At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 4 employees.