Joseph James Morelli Legacy Foundation
EIN: 831939846 · Park City, UT · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $415K |
| Total Expenses | $221K |
| Net Assets | $469K |
Is Joseph James Morelli Legacy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joseph James Morelli Legacy Foundation
Joseph James Morelli Legacy Foundation (EIN: 831939846) is a nonprofit organization based in Park City, UT, classified under NTEE code B82. The organization reported total revenue of $415K and total assets of $564K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph James Morelli Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph James Morelli Legacy Foundation is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $221K |
| Surplus / Deficit | +$17K |
| Total Assets | $469K |
| Net Assets | $469K |
| Operating Margin | 7.2% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2023, Joseph James Morelli Legacy Foundation reported a surplus of $17K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Joseph James Morelli Legacy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.5% | +36.7% | +5.3% |
| 2022 | +61.9% | +17.4% | +50.9% |
| 2021 | +68.8% | +34.8% | +24.4% |
| 2020 | -61.1% | +20.9% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joseph James Morelli Legacy Foundation 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 Joseph James Morelli Legacy Foundation 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:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Frequently Asked Questions about Joseph James Morelli Legacy Foundation
Is Joseph James Morelli Legacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph James Morelli Legacy Foundation (EIN: 831939846) insufficient data. 0 red flags identified, 0 strengths noted.
How does Joseph James Morelli Legacy Foundation spend its money?
Detailed spending breakdown data is not yet available for Joseph James Morelli Legacy Foundation. Check back for updated IRS 990 analysis.
Are donations to Joseph James Morelli Legacy Foundation tax-deductible?
Joseph James Morelli Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 831939846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joseph James Morelli Legacy Foundation located?
Joseph James Morelli Legacy Foundation is headquartered in Park City, Utah and files with the IRS under EIN 831939846. It is classified under NTEE code B82.
How many years of IRS 990 filings does Joseph James Morelli Legacy Foundation have?
Joseph James Morelli Legacy Foundation has 5 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 $415K in total revenue.
Filing History
IRS 990 filing history for Joseph James Morelli Legacy Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Joseph James Morelli Legacy Foundation's revenue has declined by 21.9%, moving from $304K to $238K. Total assets increased by 112% over the same period, from $221K to $469K. Total functional expenses rose by 161.6%, from $84K to $221K. In its most recent filing year (2023), Joseph James Morelli Legacy Foundation reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $221K | $469K | $0 | — | — |
| 2022 | $323K | $161K | $446K | $0 | — | View 990 |
| 2021 | $200K | $137K | $295K | $430 | — | View 990 |
| 2020 | $118K | $102K | $237K | $683 | — | View 990 |
| 2019 | $304K | $84K | $221K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $221K, and assets of $469K (revenue -26.5% year-over-year).
- 2022: Revenue of $323K, expenses of $161K, and assets of $446K (revenue +61.9% year-over-year).
- 2021: Revenue of $200K, expenses of $137K, and assets of $295K (revenue +68.8% year-over-year).
- 2020: Revenue of $118K, expenses of $102K, and assets of $237K (revenue -61.1% year-over-year).
- 2019: Revenue of $304K, expenses of $84K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph James Morelli Legacy Foundation:
Data Sources and Methodology
This transparency report for Joseph James Morelli Legacy Foundation 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.