Morley Extended Daycare Inc
EIN: 61341360 · West Hartford, CT · NTEE: P70
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $324K |
| Net Assets | $100K |
Is Morley Extended Daycare Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morley Extended Daycare Inc
Morley Extended Daycare Inc (EIN: 61341360) is a nonprofit organization based in West Hartford, CT, classified under NTEE code P70. The organization reported total revenue of $421K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morley Extended Daycare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morley Extended Daycare Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $338K |
| Total Expenses | $324K |
| Surplus / Deficit | +$14K |
| Total Assets | $102K |
| Total Liabilities | $2K |
| Net Assets | $100K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Morley Extended Daycare Inc reported a surplus of $14K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morley Extended Daycare Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.4% | -2.1% | +25.2% |
| 2022 | +22.4% | +25.5% | -8.0% |
| 2021 | +12.2% | +12.9% | +62.1% |
| 2020 | -7.3% | -11.1% | +150.2% |
| 2019 | -13.2% | -15.2% | -32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morley Extended Daycare Inc 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 Morley Extended Daycare Inc 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Morley Extended Daycare Inc
Is Morley Extended Daycare Inc a legitimate charity?
Morley Extended Daycare Inc (EIN: 61341360) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $421K. No red flags identified. Financial health grade: A.
How does Morley Extended Daycare Inc spend its money?
Morley Extended Daycare Inc reported $421K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Morley Extended Daycare Inc tax-deductible?
Morley Extended Daycare Inc is registered as a tax-exempt nonprofit (EIN: 61341360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morley Extended Daycare Inc located?
Morley Extended Daycare Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 61341360. It is classified under NTEE code P70.
How many years of IRS 990 filings does Morley Extended Daycare Inc have?
Morley Extended Daycare Inc has 13 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 $421K in total revenue.
Filing History
IRS 990 filing history for Morley Extended Daycare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morley Extended Daycare Inc's revenue has grown by 31.1%, moving from $258K to $338K. Total assets decreased by 24.2% over the same period, from $134K to $102K. Total functional expenses rose by 27%, from $255K to $324K. In its most recent filing year (2023), Morley Extended Daycare Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $102K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $338K | $324K | $102K | $2K | — | — |
| 2022 | $321K | $331K | $81K | $3K | — | View 990 |
| 2021 | $262K | $264K | $88K | $0 | — | View 990 |
| 2020 | $234K | $233K | $55K | $41K | — | View 990 |
| 2019 | $252K | $263K | $22K | $0 | — | View 990 |
| 2018 | $290K | $310K | $32K | $33 | — | View 990 |
| 2017 | $251K | $240K | $51K | $-87 | — | View 990 |
| 2016 | $193K | $226K | $41K | $740 | — | View 990 |
| 2015 | $257K | $271K | $74K | $127 | — | View 990 |
| 2014 | $252K | $259K | $88K | $478 | — | View 990 |
| 2013 | $233K | $258K | $96K | $464 | — | View 990 |
| 2012 | $196K | $210K | $120K | $450 | — | View 990 |
| 2011 | $258K | $255K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $338K, expenses of $324K, and assets of $102K (revenue +5.4% year-over-year).
- 2022: Revenue of $321K, expenses of $331K, and assets of $81K (revenue +22.4% year-over-year).
- 2021: Revenue of $262K, expenses of $264K, and assets of $88K (revenue +12.2% year-over-year).
- 2020: Revenue of $234K, expenses of $233K, and assets of $55K (revenue -7.3% year-over-year).
- 2019: Revenue of $252K, expenses of $263K, and assets of $22K (revenue -13.2% year-over-year).
- 2018: Revenue of $290K, expenses of $310K, and assets of $32K (revenue +15.9% year-over-year).
- 2017: Revenue of $251K, expenses of $240K, and assets of $51K (revenue +29.9% year-over-year).
- 2016: Revenue of $193K, expenses of $226K, and assets of $41K (revenue -24.9% year-over-year).
- 2015: Revenue of $257K, expenses of $271K, and assets of $74K (revenue +2.0% year-over-year).
- 2014: Revenue of $252K, expenses of $259K, and assets of $88K (revenue +7.9% year-over-year).
- 2013: Revenue of $233K, expenses of $258K, and assets of $96K (revenue +19.2% year-over-year).
- 2012: Revenue of $196K, expenses of $210K, and assets of $120K (revenue -24.1% year-over-year).
- 2011: Revenue of $258K, expenses of $255K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morley Extended Daycare Inc:
Data Sources and Methodology
This transparency report for Morley Extended Daycare 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.