Morgridge Institute For Researchinc
Morgridge Institute For Researchinc maintains stable operations with zero reported officer compensation, but recent liabilities have significantly increased.
EIN: 208325570 · Madison, WI · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78.5M |
| Total Expenses | $32.3M |
| Program Spending | 85% |
| Net Assets | $32.4M |
| Transparency Score | 90/100 |
Is Morgridge Institute For Researchinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morgridge Institute For Researchinc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morgridge Institute For Researchinc
Morgridge Institute For Researchinc (EIN: 208325570) is a nonprofit organization based in Madison, WI, classified under NTEE code E20. The organization reported total revenue of $78.5M and total assets of $81.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morgridge Institute For Researchinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morgridge Institute For Researchinc is a major nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.6M |
| Total Expenses | $32.3M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $88.4M |
| Total Liabilities | $56.0M |
| Net Assets | $32.4M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 63.4% |
| Months of Reserves | 32.9 months |
Financial Health Grade: A
In 2024, Morgridge Institute For Researchinc reported a surplus of $1.3M with revenue exceeding expenses, holds 32.9 months of operating reserves (strong position), has a debt-to-asset ratio of 63.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Morgridge Institute For Researchinc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +28.2% | +14.8% | +1.5% |
| 2023 | -16.2% | -1.9% | +122.4% |
| 2022 | +6.4% | +4.2% | +5.2% |
| 2021 | -8.0% | -15.4% | +14.0% |
| 2020 | +0.7% | +3.8% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Morgridge Institute For Researchinc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Morgridge Institute For Researchinc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of this size and suggests a strong commitment to directing resources to its research mission.
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 Morgridge Institute For Researchinc's IRS 990 filings:
- Significant increase in liabilities in recent years (from $6.6M in 2022 to over $56M in 2023 and 2024) without a proportional increase in assets.
- Unexplained spike in revenue and expenses in 2018 ($355M revenue, $376M expenses) compared to typical annual figures around $30M.
Strengths
The following positive indicators were identified for Morgridge Institute For Researchinc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to mission-focused spending.
- Generally stable revenue and expense figures over most periods, demonstrating consistent operational capacity.
- Healthy asset base, reaching $88.4M in 2024, providing financial stability.
Frequently Asked Questions about Morgridge Institute For Researchinc
Is Morgridge Institute For Researchinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morgridge Institute For Researchinc (EIN: 208325570) some concerns. Mission Score: 90/100. 2 red flags identified, 3 strengths noted.
How does Morgridge Institute For Researchinc spend its money?
Morgridge Institute For Researchinc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morgridge Institute For Researchinc tax-deductible?
Morgridge Institute For Researchinc is registered as a tax-exempt nonprofit (EIN: 208325570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morgridge Institute For Researchinc's spending goes to programs?
Morgridge Institute For Researchinc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morgridge Institute For Researchinc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Morgridge Institute For Researchinc is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morgridge Institute For Researchinc located?
Morgridge Institute For Researchinc is headquartered in Madison, Wisconsin and files with the IRS under EIN 208325570. It is classified under NTEE code E20.
How many years of IRS 990 filings does Morgridge Institute For Researchinc have?
Morgridge Institute For Researchinc has 14 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 $78.5M in total revenue.
What caused the significant increase in revenue and expenses in the 2018 fiscal period?
The 2018 filing shows revenue of $355,011,811 and expenses of $376,385,621, which is an order of magnitude higher than other years. This could indicate a large one-time grant, a major capital project, or a significant change in accounting practices for that period.
Why have liabilities increased so dramatically in 2023 and 2024?
Liabilities jumped from $6,679,273 in 2022 to $56,732,508 in 2023 and $56,047,569 in 2024. Understanding the nature of these liabilities (e.g., long-term debt, deferred revenue, or specific project obligations) is crucial for assessing financial risk.
How does the organization sustain operations without reported officer compensation?
The consistent 0% officer compensation across all filings is highly unusual for an organization with annual expenses in the tens of millions. This might suggest that key leadership roles are filled by volunteers, compensated through a related entity, or that the compensation is categorized differently in the filings.
Filing History
IRS 990 filing history for Morgridge Institute For Researchinc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Morgridge Institute For Researchinc's revenue has grown by 100.1%, moving from $16.8M to $33.6M. Total assets increased by 121.5% over the same period, from $39.9M to $88.4M. Total functional expenses rose by 89%, from $17.1M to $32.3M. In its most recent filing year (2024), Morgridge Institute For Researchinc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $56.0M in liabilities against $88.4M in assets (debt-to-asset ratio: 63.4%), resulting in net assets of $32.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $33.6M | $32.3M | $88.4M | $56.0M | — | View 990 |
| 2023 | $26.2M | $28.1M | $87.1M | $56.7M | — | View 990 |
| 2022 | $31.3M | $28.6M | $39.2M | $6.7M | — | View 990 |
| 2021 | $29.4M | $27.5M | $37.2M | $7.1M | — | View 990 |
| 2020 | $31.9M | $32.5M | $32.7M | $4.8M | — | View 990 |
| 2019 | $31.7M | $31.3M | $33.6M | $5.0M | — | View 990 |
| 2018 | $355.0M | $376.4M | $37.9M | $9.7M | — | View 990 |
| 2017 | $34.8M | $29.5M | $53.9M | $3.5M | — | View 990 |
| 2016 | $30.1M | $23.7M | $48.8M | $3.3M | — | View 990 |
| 2015 | $30.9M | $24.6M | $41.2M | $2.5M | — | View 990 |
| 2014 | $41.7M | $24.6M | $36.0M | $3.3M | — | View 990 |
| 2013 | $34.0M | $29.0M | $20.1M | $4.6M | — | View 990 |
| 2012 | $8.9M | $29.8M | $24.8M | $7.9M | — | View 990 |
| 2011 | $16.8M | $17.1M | $39.9M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $33.6M, expenses of $32.3M, and assets of $88.4M (revenue +28.2% year-over-year).
- 2023: Revenue of $26.2M, expenses of $28.1M, and assets of $87.1M (revenue -16.2% year-over-year).
- 2022: Revenue of $31.3M, expenses of $28.6M, and assets of $39.2M (revenue +6.4% year-over-year).
- 2021: Revenue of $29.4M, expenses of $27.5M, and assets of $37.2M (revenue -8.0% year-over-year).
- 2020: Revenue of $31.9M, expenses of $32.5M, and assets of $32.7M (revenue +0.7% year-over-year).
- 2019: Revenue of $31.7M, expenses of $31.3M, and assets of $33.6M (revenue -91.1% year-over-year).
- 2018: Revenue of $355.0M, expenses of $376.4M, and assets of $37.9M (revenue +919.9% year-over-year).
- 2017: Revenue of $34.8M, expenses of $29.5M, and assets of $53.9M (revenue +15.6% year-over-year).
- 2016: Revenue of $30.1M, expenses of $23.7M, and assets of $48.8M (revenue -2.7% year-over-year).
- 2015: Revenue of $30.9M, expenses of $24.6M, and assets of $41.2M (revenue -25.9% year-over-year).
- 2014: Revenue of $41.7M, expenses of $24.6M, and assets of $36.0M (revenue +22.8% year-over-year).
- 2013: Revenue of $34.0M, expenses of $29.0M, and assets of $20.1M (revenue +282.4% year-over-year).
- 2012: Revenue of $8.9M, expenses of $29.8M, and assets of $24.8M (revenue -47.0% year-over-year).
- 2011: Revenue of $16.8M, expenses of $17.1M, and assets of $39.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morgridge Institute For Researchinc:
Data Sources and Methodology
This transparency report for Morgridge Institute For Researchinc 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.