Morningside Foundation Inc
EIN: 640710393 · Jackson, MS
| Metric | Value |
|---|---|
| Total Revenue | $495K |
| Total Expenses | $126K |
| Net Assets | $1.1M |
Is Morningside Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morningside Foundation Inc
Morningside Foundation Inc (EIN: 640710393) is a nonprofit organization based in Jackson, MS. The organization reported total revenue of $495K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morningside Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morningside Foundation Inc is a small nonprofit that has been operating for 40 years, with 7 years of IRS 990 filings on record (2011–2020).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -616.5% | -33.7% | -18.9% |
| 2019 | -90.6% | -9.4% | -8.7% |
| 2015 | +26.2% | -4.3% | +6.4% |
| 2014 | +124.3% | +19.8% | -1.4% |
| 2013 | -18.0% | +18.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morningside Foundation 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 Morningside Foundation 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 (2020)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Morningside Foundation Inc
Is Morningside Foundation Inc a legitimate charity?
Morningside Foundation Inc (EIN: 640710393) is a registered tax-exempt nonprofit based in Mississippi. It has 7 years of IRS 990 filings on record. Total revenue: $495K. No red flags identified. Financial health grade: B.
How does Morningside Foundation Inc spend its money?
Morningside Foundation Inc reported $495K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Morningside Foundation Inc tax-deductible?
Morningside Foundation Inc is registered as a tax-exempt nonprofit (EIN: 640710393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morningside Foundation Inc located?
Morningside Foundation Inc is headquartered in Jackson, Mississippi and files with the IRS under EIN 640710393.
How many years of IRS 990 filings does Morningside Foundation Inc have?
Morningside Foundation Inc has 7 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 $495K in total revenue.
Filing History
IRS 990 filing history for Morningside Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Morningside Foundation Inc's revenue has declined by 355.5%, moving from $48K to $-123,360. Total assets decreased by 27.9% over the same period, from $1.5M to $1.1M. Total functional expenses fell by 23.2%, from $165K to $126K. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $-123,360 | $126K | $1.1M | $1 | — | — |
| 2019 | $24K | $191K | $1.3M | $1 | — | View 990 |
| 2015 | $254K | $210K | $1.4M | $1 | — | View 990 |
| 2014 | $201K | $220K | $1.4M | $1 | — | View 990 |
| 2013 | $90K | $184K | $1.4M | $1 | — | View 990 |
| 2012 | $110K | $155K | $1.4M | $1 | — | View 990 |
| 2011 | $48K | $165K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $-123,360, expenses of $126K, and assets of $1.1M (revenue -616.5% year-over-year).
- 2019: Revenue of $24K, expenses of $191K, and assets of $1.3M (revenue -90.6% year-over-year).
- 2015: Revenue of $254K, expenses of $210K, and assets of $1.4M (revenue +26.2% year-over-year).
- 2014: Revenue of $201K, expenses of $220K, and assets of $1.4M (revenue +124.3% year-over-year).
- 2013: Revenue of $90K, expenses of $184K, and assets of $1.4M (revenue -18.0% year-over-year).
- 2012: Revenue of $110K, expenses of $155K, and assets of $1.4M (revenue +126.8% year-over-year).
- 2011: Revenue of $48K, expenses of $165K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morningside Foundation Inc:
Data Sources and Methodology
This transparency report for Morningside 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.