Morf Foundation Inc
Morf Foundation Inc. shows highly volatile revenue and expenses, maintaining assets with zero officer compensation.
EIN: 10575002 · Portsmouth, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $527K |
| Total Expenses | $15K |
| Program Spending | 80% |
| Net Assets | $625K |
| Transparency Score | 70/100 |
Is Morf Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morf Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morf Foundation Inc
Morf Foundation Inc (EIN: 10575002) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code T22. The organization reported total revenue of $527K and total assets of $645K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morf Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morf Foundation Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $15K |
| Surplus / Deficit | $-9,239 |
| Total Assets | $625K |
| Total Liabilities | $1 |
| Net Assets | $625K |
| Operating Margin | -155.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 494.1 months |
Financial Health Grade: B
In 2023, Morf Foundation Inc reported a deficit of $9K with expenses exceeding revenue, holds 494.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morf Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.3% | -72.4% | -1.5% |
| 2022 | -55.4% | +75.8% | +2.1% |
| 2021 | +134.8% | -65.0% | +24.3% |
| 2020 | +263.6% | +194.4% | -4.6% |
| 2019 | -87.9% | -83.7% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Morf Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Morf Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Morf Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for donor trust.
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.
Red Flags
The following concerns were identified during AI analysis of Morf Foundation Inc's IRS 990 filings:
- Highly volatile revenue, dropping from $152,781 in 2021 to $5,944 in 2023, indicating potential funding instability.
- Significant fluctuations in expenses, making it difficult to assess consistent operational scale or efficiency.
- Lack of detailed expense breakdown in provided data to fully evaluate program vs. administrative spending ratios.
Strengths
The following positive indicators were identified for Morf Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Maintained a relatively stable asset base, generally above $600,000 in recent years, despite revenue fluctuations.
- Low liabilities across all reported periods, often $1 or $0, suggesting good financial management of debt.
Frequently Asked Questions about Morf Foundation Inc
Is Morf Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morf Foundation Inc (EIN: 10575002) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Morf Foundation Inc spend its money?
Morf Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morf Foundation Inc tax-deductible?
Morf Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10575002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morf Foundation Inc's spending goes to programs?
Morf Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morf Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Morf Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morf Foundation Inc located?
Morf Foundation Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 10575002. It is classified under NTEE code T22.
How many years of IRS 990 filings does Morf Foundation Inc have?
Morf Foundation Inc has 10 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 $527K in total revenue.
Is Morf Foundation Inc. a good charity?
Morf Foundation Inc. exhibits strengths in its zero officer compensation and consistent asset base. However, the extreme volatility in revenue and expenses, as seen with revenue dropping from $152,781 in 2021 to $5,944 in 2023, suggests potential operational instability. A more detailed breakdown of program spending versus administrative costs would be needed for a definitive assessment of its efficiency.
Why is the revenue so inconsistent?
The revenue for Morf Foundation Inc. has been highly inconsistent, ranging from a high of $268,949 in 2014 to a low of $5,944 in 2023. This volatility could be due to reliance on a few large, infrequent donations, grant cycles, or changes in fundraising strategies. Further investigation into their funding sources would be necessary to understand the cause.
What is the organization's primary program focus?
Based on the NTEE Code T22, Morf Foundation Inc. is categorized under 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations.' This suggests its primary program focus is likely making grants to other organizations or individuals, rather than direct service provision.
Filing History
IRS 990 filing history for Morf Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morf Foundation Inc's revenue has declined by 66.6%, moving from $18K to $6K. Total assets increased by 138% over the same period, from $263K to $625K. Total functional expenses fell by 6.7%, from $16K to $15K. In its most recent filing year (2023), Morf Foundation Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1 in liabilities against $625K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $625K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $15K | $625K | $1 | — | View 990 |
| 2022 | $68K | $55K | $635K | $1 | — | View 990 |
| 2021 | $153K | $31K | $621K | $1 | — | View 990 |
| 2020 | $65K | $89K | $500K | $1 | — | — |
| 2019 | $18K | $30K | $524K | $1 | — | View 990 |
| 2015 | $148K | $186K | $492K | $1 | — | View 990 |
| 2014 | $269K | $24K | $617K | $1 | — | View 990 |
| 2013 | $28K | $18K | $381K | $0 | — | View 990 |
| 2012 | $114K | $16K | $360K | $1 | — | View 990 |
| 2011 | $18K | $16K | $263K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $15K, and assets of $625K (revenue -91.3% year-over-year).
- 2022: Revenue of $68K, expenses of $55K, and assets of $635K (revenue -55.4% year-over-year).
- 2021: Revenue of $153K, expenses of $31K, and assets of $621K (revenue +134.8% year-over-year).
- 2020: Revenue of $65K, expenses of $89K, and assets of $500K (revenue +263.6% year-over-year).
- 2019: Revenue of $18K, expenses of $30K, and assets of $524K (revenue -87.9% year-over-year).
- 2015: Revenue of $148K, expenses of $186K, and assets of $492K (revenue -45.1% year-over-year).
- 2014: Revenue of $269K, expenses of $24K, and assets of $617K (revenue +857.9% year-over-year).
- 2013: Revenue of $28K, expenses of $18K, and assets of $381K (revenue -75.3% year-over-year).
- 2012: Revenue of $114K, expenses of $16K, and assets of $360K (revenue +537.1% year-over-year).
- 2011: Revenue of $18K, expenses of $16K, and assets of $263K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morf Foundation Inc:
Data Sources and Methodology
This transparency report for Morf 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.