F A Morse Association Inc
EIN: 237368753 · Worcester, MA · NTEE: S80
| Metric | Value |
|---|---|
| Total Revenue | $520K |
| Total Expenses | $325K |
| Net Assets | $2.7M |
Is F A Morse Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About F A Morse Association Inc
F A Morse Association Inc (EIN: 237368753) is a nonprofit organization based in Worcester, MA, classified under NTEE code S80. The organization reported total revenue of $520K and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of F A Morse Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
F A Morse Association Inc is a small nonprofit that has been operating for 9 years, with 15 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $479K |
| Total Expenses | $325K |
| Surplus / Deficit | +$154K |
| Total Assets | $5.7M |
| Total Liabilities | $3.0M |
| Net Assets | $2.7M |
| Operating Margin | 32.1% |
| Debt-to-Asset Ratio | 52.7% |
| Months of Reserves | 211.5 months |
Financial Health Grade: A
In 2024, F A Morse Association Inc reported a surplus of $154K with revenue exceeding expenses, holds 211.5 months of operating reserves (strong position), has a debt-to-asset ratio of 52.7% (high leverage).
Financial Trends
Over 15 years of filings (2010–2024), F A Morse Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -42.6% | +75.5% | +1.7% |
| 2023 | -64.6% | -92.9% | +4089.2% |
| 2022 | +174.9% | +386.4% | -65.6% |
| 2021 | +570.4% | +542.3% | +448.7% |
| 2020 | +91.3% | +14.9% | +163.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for F A Morse Association 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 F A Morse Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $154K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.7%.
Frequently Asked Questions about F A Morse Association Inc
Is F A Morse Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, F A Morse Association Inc (EIN: 237368753) insufficient data. 0 red flags identified, 0 strengths noted.
How does F A Morse Association Inc spend its money?
Detailed spending breakdown data is not yet available for F A Morse Association Inc. Check back for updated IRS 990 analysis.
Are donations to F A Morse Association Inc tax-deductible?
F A Morse Association Inc is registered as a tax-exempt nonprofit (EIN: 237368753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is F A Morse Association Inc located?
F A Morse Association Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 237368753. It is classified under NTEE code S80.
How many years of IRS 990 filings does F A Morse Association Inc have?
F A Morse Association Inc has 15 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 $520K in total revenue.
Filing History
IRS 990 filing history for F A Morse Association Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2024), F A Morse Association Inc's revenue has grown by 1176.7%, moving from $38K to $479K. Total assets increased by 15040.4% over the same period, from $38K to $5.7M. Total functional expenses rose by 516.4%, from $53K to $325K. In its most recent filing year (2024), F A Morse Association Inc reported a surplus of $154K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $5.7M in assets (debt-to-asset ratio: 52.7%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $479K | $325K | $5.7M | $3.0M | — | — |
| 2023 | $834K | $185K | $5.6M | $3.1M | — | View 990 |
| 2022 | $2.4M | $2.6M | $135K | $0 | — | View 990 |
| 2021 | $858K | $537K | $392K | $0 | — | — |
| 2020 | $128K | $84K | $71K | $0 | — | View 990 |
| 2019 | $67K | $73K | $27K | $0 | — | View 990 |
| 2018 | $105K | $85K | $53K | $0 | — | View 990 |
| 2017 | $68K | $53K | $33K | $0 | — | View 990 |
| 2016 | $44K | $121K | $18K | $0 | — | — |
| 2015 | $83K | $48K | $95K | $0 | — | — |
| 2014 | $52K | $32K | $60K | $0 | — | — |
| 2013 | $25K | $30K | $40K | $0 | — | — |
| 2012 | $67K | $66K | $45K | $0 | — | — |
| 2011 | $50K | $45K | $43K | $0 | — | — |
| 2010 | $38K | $53K | $38K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $479K, expenses of $325K, and assets of $5.7M (revenue -42.6% year-over-year).
- 2023: Revenue of $834K, expenses of $185K, and assets of $5.6M (revenue -64.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.6M, and assets of $135K (revenue +174.9% year-over-year).
- 2021: Revenue of $858K, expenses of $537K, and assets of $392K (revenue +570.4% year-over-year).
- 2020: Revenue of $128K, expenses of $84K, and assets of $71K (revenue +91.3% year-over-year).
- 2019: Revenue of $67K, expenses of $73K, and assets of $27K (revenue -36.6% year-over-year).
- 2018: Revenue of $105K, expenses of $85K, and assets of $53K (revenue +55.3% year-over-year).
- 2017: Revenue of $68K, expenses of $53K, and assets of $33K (revenue +53.8% year-over-year).
- 2016: Revenue of $44K, expenses of $121K, and assets of $18K (revenue -46.7% year-over-year).
- 2015: Revenue of $83K, expenses of $48K, and assets of $95K (revenue +59.3% year-over-year).
- 2014: Revenue of $52K, expenses of $32K, and assets of $60K (revenue +108.0% year-over-year).
- 2013: Revenue of $25K, expenses of $30K, and assets of $40K (revenue -62.7% year-over-year).
- 2012: Revenue of $67K, expenses of $66K, and assets of $45K (revenue +33.7% year-over-year).
- 2011: Revenue of $50K, expenses of $45K, and assets of $43K (revenue +33.6% year-over-year).
- 2010: Revenue of $38K, expenses of $53K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for F A Morse Association Inc:
Data Sources and Methodology
This transparency report for F A Morse Association 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.