Is Morey Family Foundation Inc Legit?

Quick charity verification for Morey Family Foundation Inc (EIN: 200559815)

Verdict: Morey Family Foundation Inc appears trustworthy

85/100Mission Score

$3.0MRevenue

$3.3MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed functional expense breakdown (program vs. admin vs. fundraising) in summary data, making efficiency analysis difficult.

Strengths

Consistent reporting of 0% officer compensation, indicating high transparency in executive pay.
Growing asset base from $2.7M in 2011 to $3.7M in 2023, demonstrating strong financial stewardship.
Minimal liabilities ($0 or $1) across all periods, indicating excellent financial health and low debt.
Consistent filing of IRS Form 990s over a decade, showing commitment to public disclosure.
Active distribution of funds, often exceeding annual revenue, suggesting a commitment to its charitable purpose.

Spending Breakdown

How Morey Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Morey Family Foundation Inc

Is Morey Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Morey Family Foundation Inc (EIN: 200559815) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Morey Family Foundation Inc a good charity to donate to?

Morey Family Foundation Inc has a Mission Score of 85/100. Revenue: $3.0M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Morey Family Foundation Inc?

The Employer Identification Number (EIN) for Morey Family Foundation Inc is 200559815. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Morey Family Foundation Inc spend its money?

Morey Family Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Morey Family Foundation Inc's tax-exempt status?

You can verify Morey Family Foundation Inc's tax-exempt status using EIN 200559815 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Morey Family Foundation Inc. appears to be a private foundation, as indicated by its consistent revenue streams and asset base, with minimal liabilities. Its financial health shows a pattern of fluctuating revenue, ranging from a low of $27,642 in 2011 to a high of $354,096 in 2014, and $304,199 in 2021. Expenses have generally been stable, typically in the $130,000-$160,000 range, with a peak of $220,430 in 2014. The foundation's assets have shown growth over the years, from $2,717,860 in 2011 to $3,721,183 in 2023, suggesting sound asset management. The consistent reporting of zero officer compensation across all filings indicates a high degree of transparency regarding executive pay and potentially a volunteer-led or very lean operational structure.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, given the nature of a private foundation, a significant portion of expenses would typically be grants or direct charitable activities. The fact that expenses have often exceeded revenue in several years (e.g., 2022, 2020, 2019, 2015, 2013, 2012, 2011) suggests that the foundation is actively distributing funds, potentially drawing from its asset base, which is common for foundations. The low liabilities ($0 or $1) across all periods indicate strong financial management and a lack of significant debt.

Transparency appears to be strong in terms of executive compensation, with no reported officer compensation. The consistent filing of IRS Form 990s over a decade also demonstrates a commitment to public disclosure. However, without a detailed functional expense breakdown, it's challenging to fully evaluate the efficiency of its spending in terms of program delivery versus overhead. The NTEE code T22 (Private Grantmaking Foundations) aligns with the observed financial patterns, suggesting its primary activity is grantmaking rather than direct service provision.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.