Morgan Family Legacy Foundation
EIN: 475638410 · Leawood, KS · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $711K |
| Total Expenses | $358K |
| Net Assets | $4.6M |
Is Morgan Family 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 Morgan Family Legacy Foundation
Morgan Family Legacy Foundation (EIN: 475638410) is a nonprofit organization based in Leawood, KS, classified under NTEE code B12. The organization reported total revenue of $711K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morgan Family Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morgan Family Legacy Foundation is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 390.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336K |
| Total Expenses | $358K |
| Surplus / Deficit | $-22,907 |
| Total Assets | $4.6M |
| Total Liabilities | $1 |
| Net Assets | $4.6M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 152.7 months |
Financial Health Grade: B
In 2023, Morgan Family Legacy Foundation reported a deficit of $23K with expenses exceeding revenue, holds 152.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), Morgan Family Legacy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 390.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.8% | -9.4% | -0.5% |
| 2022 | -46.3% | +8.9% | -3.8% |
| 2021 | +57.4% | +5.3% | +0.7% |
| 2020 | +13.3% | +2.1% | -1.9% |
| 2019 | +22357300.0% | — | +482246700.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morgan Family 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 Morgan Family 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 deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Morgan Family Legacy Foundation
Is Morgan Family Legacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Morgan Family Legacy Foundation (EIN: 475638410) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morgan Family Legacy Foundation spend its money?
Detailed spending breakdown data is not yet available for Morgan Family Legacy Foundation. Check back for updated IRS 990 analysis.
Are donations to Morgan Family Legacy Foundation tax-deductible?
Morgan Family Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 475638410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morgan Family Legacy Foundation located?
Morgan Family Legacy Foundation is headquartered in Leawood, Kansas and files with the IRS under EIN 475638410. It is classified under NTEE code B12.
How many years of IRS 990 filings does Morgan Family Legacy Foundation have?
Morgan Family Legacy Foundation has 6 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 $711K in total revenue.
Filing History
IRS 990 filing history for Morgan Family Legacy Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Morgan Family Legacy Foundation's revenue has grown by 33557900%, moving from $1 to $336K. Total assets increased by 456149500% over the same period, from $1 to $4.6M. In its most recent filing year (2023), Morgan Family Legacy Foundation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $358K | $4.6M | $1 | — | View 990 |
| 2022 | $214K | $396K | $4.6M | $1 | — | View 990 |
| 2021 | $399K | $363K | $4.8M | $1 | — | — |
| 2020 | $253K | $345K | $4.7M | $1 | — | — |
| 2019 | $224K | $338K | $4.8M | $0 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $358K, and assets of $4.6M (revenue +56.8% year-over-year).
- 2022: Revenue of $214K, expenses of $396K, and assets of $4.6M (revenue -46.3% year-over-year).
- 2021: Revenue of $399K, expenses of $363K, and assets of $4.8M (revenue +57.4% year-over-year).
- 2020: Revenue of $253K, expenses of $345K, and assets of $4.7M (revenue +13.3% year-over-year).
- 2019: Revenue of $224K, expenses of $338K, and assets of $4.8M (revenue +22357300.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morgan Family Legacy Foundation:
Data Sources and Methodology
This transparency report for Morgan Family 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.