Charlene And Thomas Morgan Charitable Foundation Inc
EIN: 464277924 · Red Rock, TX · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $889K |
| Net Assets | $8.1M |
Is Charlene And Thomas Morgan Charitable Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlene And Thomas Morgan Charitable Foundation Inc
Charlene And Thomas Morgan Charitable Foundation Inc (EIN: 464277924) is a nonprofit organization based in Red Rock, TX, classified under NTEE code T11. The organization reported total revenue of $14.5M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlene And Thomas Morgan Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlene And Thomas Morgan Charitable Foundation Inc is a large nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2013–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -116.2% | -5.2% | -10.9% |
| 2022 | -65.2% | +8.7% | -3.6% |
| 2021 | +1016.7% | -2.9% | +10.0% |
| 2020 | -64.1% | +3.2% | -7.9% |
| 2019 | +366.9% | +9.5% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlene And Thomas Morgan Charitable Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charlene And Thomas Morgan Charitable Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Charlene And Thomas Morgan Charitable Foundation Inc
Is Charlene And Thomas Morgan Charitable Foundation Inc a legitimate charity?
Charlene And Thomas Morgan Charitable Foundation Inc (EIN: 464277924) is a registered tax-exempt nonprofit based in Texas. It has 8 years of IRS 990 filings on record. Total revenue: $14.5M. No red flags identified. Financial health grade: B.
How does Charlene And Thomas Morgan Charitable Foundation Inc spend its money?
Charlene And Thomas Morgan Charitable Foundation Inc reported $14.5M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charlene And Thomas Morgan Charitable Foundation Inc tax-deductible?
Charlene And Thomas Morgan Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 464277924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charlene And Thomas Morgan Charitable Foundation Inc located?
Charlene And Thomas Morgan Charitable Foundation Inc is headquartered in Red Rock, Texas and files with the IRS under EIN 464277924. It is classified under NTEE code T11.
How many years of IRS 990 filings does Charlene And Thomas Morgan Charitable Foundation Inc have?
Charlene And Thomas Morgan Charitable Foundation Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.5M in total revenue.
Filing History
IRS 990 filing history for Charlene And Thomas Morgan Charitable Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Charlene And Thomas Morgan Charitable Foundation Inc's revenue has declined by 9689100%, moving from $1 to $-96,890. Total assets increased by 806209300% over the same period, from $1 to $8.1M. The organization holds $1 in liabilities against $8.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-96,890 | $889K | $8.1M | $1 | — | View 990 |
| 2022 | $597K | $938K | $9.0M | $1 | — | View 990 |
| 2021 | $1.7M | $862K | $9.4M | $1 | — | View 990 |
| 2020 | $154K | $888K | $8.5M | $1 | — | View 990 |
| 2019 | $428K | $861K | $9.3M | $1 | — | — |
| 2015 | $92K | $786K | $9.7M | $1 | — | View 990 |
| 2014 | $10.8M | $267K | $10.4M | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-96,890, expenses of $889K, and assets of $8.1M (revenue -116.2% year-over-year).
- 2022: Revenue of $597K, expenses of $938K, and assets of $9.0M (revenue -65.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $862K, and assets of $9.4M (revenue +1016.7% year-over-year).
- 2020: Revenue of $154K, expenses of $888K, and assets of $8.5M (revenue -64.1% year-over-year).
- 2019: Revenue of $428K, expenses of $861K, and assets of $9.3M (revenue +366.9% year-over-year).
- 2015: Revenue of $92K, expenses of $786K, and assets of $9.7M (revenue -99.2% year-over-year).
- 2014: Revenue of $10.8M, expenses of $267K, and assets of $10.4M (revenue +1081247600.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlene And Thomas Morgan Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Charlene And Thomas Morgan Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.