Glenda G Morgan Charitable Foundation Inc
Glenda G Morgan Charitable Foundation consistently directs funds to programs with no officer compensation.
EIN: 200525462 · Winter Park, FL · NTEE: T12 · Updated: 2026-03-28
Is Glenda G Morgan Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenda G Morgan Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenda G Morgan Charitable Foundation Inc
Glenda G Morgan Charitable Foundation Inc (EIN: 200525462) is a nonprofit organization based in Winter Park, FL, classified under NTEE code T12. The organization reported total revenue of $1.3M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenda G Morgan Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenda G Morgan Charitable Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $731K |
| Surplus / Deficit | +$452K |
| Total Assets | $18.7M |
| Total Liabilities | $550K |
| Net Assets | $18.2M |
| Operating Margin | 38.2% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 307.0 months |
Financial Health Grade: A
In 2023, Glenda G Morgan Charitable Foundation Inc reported a surplus of $452K with revenue exceeding expenses, holds 307.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glenda G Morgan Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.7% | -17.0% | -8.1% |
| 2022 | -68.1% | +26.0% | -4.5% |
| 2021 | +82.9% | +29.0% | +10.6% |
| 2020 | +20.6% | +15.7% | +13.9% |
| 2019 | +10.2% | -0.8% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glenda G Morgan Charitable Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Glenda G Morgan Charitable Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $452K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a foundation of its size with assets nearing $19 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Glenda G Morgan Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong and stable asset base, currently $18,908,959, demonstrating financial resilience.
- Positive trend in liability reduction, from $3,250,000 in 202212 to $550,000 in 202312.
- Revenue consistently exceeds expenses in most periods, allowing for asset growth and sustainability.
- Regular and transparent IRS 990 filings over 13 periods.
Frequently Asked Questions about Glenda G Morgan Charitable Foundation Inc
Is Glenda G Morgan Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenda G Morgan Charitable Foundation Inc (EIN: 200525462) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Glenda G Morgan Charitable Foundation Inc spend its money?
Glenda G Morgan Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glenda G Morgan Charitable Foundation Inc tax-deductible?
Glenda G Morgan Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200525462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Glenda G Morgan Charitable Foundation Inc a good charity?
Yes, based on the provided data, it appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong asset base, and its expenses are well within its revenue, suggesting efficient use of funds for its charitable mission.
How has the foundation's asset base changed over time?
The foundation has maintained a robust asset base, fluctuating but generally stable, ranging from $16,909,364 in 201912 to a high of $21,296,929 in 202112, and currently stands at $18,908,959.
What is the trend in the foundation's liabilities?
Liabilities have shown significant fluctuation, peaking at $3,600,000 in 201512 and 201612, and notably decreasing from $3,250,000 in 202212 to $550,000 in 202312, indicating a positive trend in liability management.
Filing History
IRS 990 filing history for Glenda G Morgan Charitable Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glenda G Morgan Charitable Foundation Inc's revenue has grown by 70.1%, moving from $696K to $1.2M. Total assets increased by 57% over the same period, from $11.9M to $18.7M. Total functional expenses rose by 99.3%, from $367K to $731K. In its most recent filing year (2023), Glenda G Morgan Charitable Foundation Inc reported a surplus of $452K, with revenue exceeding expenses. The organization holds $550K in liabilities against $18.7M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $18.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $731K | $18.7M | $550K | — | — |
| 2022 | $785K | $881K | $20.3M | $3.3M | — | View 990 |
| 2021 | $2.5M | $699K | $21.3M | $2.5M | — | View 990 |
| 2020 | $1.3M | $542K | $19.3M | $1.5M | — | View 990 |
| 2019 | $1.1M | $468K | $16.9M | $0 | — | View 990 |
| 2018 | $1.0M | $472K | $17.7M | $2.6M | — | View 990 |
| 2017 | $799K | $411K | $18.8M | $3.0M | — | View 990 |
| 2016 | $756K | $608K | $18.1M | $3.6M | — | View 990 |
| 2015 | $1.3M | $765K | $17.5M | $3.6M | — | View 990 |
| 2014 | $1.2M | $659K | $17.3M | $3.0M | — | View 990 |
| 2013 | $603K | $386K | $14.1M | $0 | — | View 990 |
| 2012 | $529K | $363K | $12.8M | $0 | — | View 990 |
| 2011 | $696K | $367K | $11.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $731K, and assets of $18.7M (revenue +50.7% year-over-year).
- 2022: Revenue of $785K, expenses of $881K, and assets of $20.3M (revenue -68.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $699K, and assets of $21.3M (revenue +82.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $542K, and assets of $19.3M (revenue +20.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $468K, and assets of $16.9M (revenue +10.2% year-over-year).
- 2018: Revenue of $1.0M, expenses of $472K, and assets of $17.7M (revenue +26.4% year-over-year).
- 2017: Revenue of $799K, expenses of $411K, and assets of $18.8M (revenue +5.8% year-over-year).
- 2016: Revenue of $756K, expenses of $608K, and assets of $18.1M (revenue -41.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $765K, and assets of $17.5M (revenue +4.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $659K, and assets of $17.3M (revenue +104.9% year-over-year).
- 2013: Revenue of $603K, expenses of $386K, and assets of $14.1M (revenue +14.0% year-over-year).
- 2012: Revenue of $529K, expenses of $363K, and assets of $12.8M (revenue -23.9% year-over-year).
- 2011: Revenue of $696K, expenses of $367K, and assets of $11.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenda G Morgan Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Glenda G 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.