Morgan Adams Foundation
Morgan Adams Foundation shows consistent growth and zero officer compensation over a decade.
EIN: 200165051 · Denver, CO · NTEE: H12 · Updated: 2026-03-28
Is Morgan Adams Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morgan Adams Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morgan Adams Foundation
Morgan Adams Foundation (EIN: 200165051) is a nonprofit organization based in Denver, CO, classified under NTEE code H12. The organization reported total revenue of $3.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morgan Adams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morgan Adams Foundation is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-143,171 |
| Total Assets | $682K |
| Total Liabilities | $204K |
| Net Assets | $478K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Morgan Adams Foundation reported a deficit of $143K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 29.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Morgan Adams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +22.5% | -11.7% |
| 2022 | +11.4% | +18.5% | +28.9% |
| 2021 | +19.0% | +12.2% | +90.8% |
| 2020 | +7.1% | -3.5% | +33.6% |
| 2019 | +1.2% | +13.2% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Morgan Adams Foundation 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, Morgan Adams Foundation 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 deficit of $143K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.9%.
Executive Compensation Analysis
The Morgan Adams Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly efficient for donor funds.
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 Morgan Adams Foundation:
- Consistent revenue growth, more than doubling from 2014 to 2023.
- Zero reported officer compensation across all 14 filings, indicating high efficiency.
- Healthy asset accumulation, growing from $213,418 in 2014 to $682,344 in 2023.
- Liabilities consistently low relative to assets, indicating strong financial management.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Morgan Adams Foundation
Is Morgan Adams Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Morgan Adams Foundation (EIN: 200165051) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Morgan Adams Foundation spend its money?
Morgan Adams Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morgan Adams Foundation tax-deductible?
Morgan Adams Foundation is registered as a tax-exempt nonprofit (EIN: 200165051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Morgan Adams Foundation a good charity?
Based on the provided financial data, the Morgan Adams Foundation appears to be a very good charity. It demonstrates consistent revenue growth, healthy asset accumulation, and a remarkable commitment to efficiency by reporting 0% officer compensation across all available filings. This indicates that donor funds are likely directed almost entirely to program services and operational costs, rather than executive salaries.
How has the organization's revenue grown over time?
The organization has shown significant revenue growth, more than doubling its revenue from $1,000,422 in 2014 to $2,071,865 in 2023. This consistent upward trend suggests strong donor support and successful fundraising efforts.
What is the trend in the organization's assets?
The Morgan Adams Foundation's assets have grown substantially, from $213,418 in 2014 to $682,344 in 2023, indicating a healthy accumulation of resources and financial stability.
Filing History
IRS 990 filing history for Morgan Adams Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Morgan Adams Foundation's revenue has grown by 439%, moving from $384K to $2.1M. Total assets increased by 630.2% over the same period, from $93K to $682K. Total functional expenses rose by 456.6%, from $398K to $2.2M. In its most recent filing year (2023), Morgan Adams Foundation reported a deficit of $143K, with expenses exceeding revenue. The organization holds $204K in liabilities against $682K in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $478K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.2M | $682K | $204K | — | — |
| 2022 | $2.0M | $1.8M | $773K | $104K | — | View 990 |
| 2021 | $1.8M | $1.5M | $599K | $69K | — | View 990 |
| 2020 | $1.5M | $1.4M | $314K | $33K | — | View 990 |
| 2019 | $1.4M | $1.4M | $235K | $83K | — | View 990 |
| 2018 | $1.4M | $1.2M | $218K | $45K | — | View 990 |
| 2017 | $1.2M | $1.3M | $133K | $117K | — | View 990 |
| 2016 | $1.0M | $993K | $210K | $76K | — | View 990 |
| 2015 | $868K | $983K | $120K | $33K | — | View 990 |
| 2014 | $1.0M | $928K | $213K | $11K | — | View 990 |
| 2013 | $788K | $736K | $173K | $43K | — | View 990 |
| 2012 | $933K | $978K | $197K | $119K | — | View 990 |
| 2011 | $664K | $636K | $146K | $24K | — | View 990 |
| 2010 | $384K | $398K | $93K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.2M, and assets of $682K (revenue +5.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $773K (revenue +11.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $599K (revenue +19.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $314K (revenue +7.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $235K (revenue +1.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $218K (revenue +11.9% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $133K (revenue +17.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $993K, and assets of $210K (revenue +19.4% year-over-year).
- 2015: Revenue of $868K, expenses of $983K, and assets of $120K (revenue -13.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $928K, and assets of $213K (revenue +26.9% year-over-year).
- 2013: Revenue of $788K, expenses of $736K, and assets of $173K (revenue -15.6% year-over-year).
- 2012: Revenue of $933K, expenses of $978K, and assets of $197K (revenue +40.6% year-over-year).
- 2011: Revenue of $664K, expenses of $636K, and assets of $146K (revenue +72.7% year-over-year).
- 2010: Revenue of $384K, expenses of $398K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morgan Adams Foundation:
Data Sources and Methodology
This transparency report for Morgan Adams 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.