Morphis Family Foundation Inc
Morphis Family Foundation consistently grows assets with minimal expenses and no executive compensation.
EIN: 208103092 · Nashville, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $374K |
| Total Expenses | $102K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 95/100 |
Is Morphis Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morphis Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morphis Family Foundation Inc
Morphis Family Foundation Inc (EIN: 208103092) is a nonprofit organization based in Nashville, TN, classified under NTEE code T20. The organization reported total revenue of $374K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morphis Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morphis Family Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $356K |
| Total Expenses | $102K |
| Surplus / Deficit | +$254K |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | 71.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.5 months |
Financial Health Grade: A
In 2023, Morphis Family Foundation Inc reported a surplus of $254K with revenue exceeding expenses, holds 206.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morphis Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.5% | +14.7% | +4.6% |
| 2022 | -51.4% | -68.1% | +11.1% |
| 2021 | +42.2% | -10.6% | +19.6% |
| 2020 | -13.9% | +3.9% | +4.9% |
| 2019 | +84.7% | +144.2% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Morphis Family Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Morphis Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $254K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other entities, allowing all reported expenses to be directed towards operational and programmatic costs.
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 Morphis Family Foundation Inc:
- Consistent asset growth, from $614,018 in 2011 to $1,760,803 in 2023.
- Extremely low expense ratio relative to revenue (e.g., 2023 expenses were 28.7% of revenue).
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Minimal liabilities ($1 across most years), reflecting strong financial stability.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Morphis Family Foundation Inc
Is Morphis Family Foundation Inc a legitimate charity?
Morphis Family Foundation Inc (EIN: 208103092) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $374K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Morphis Family Foundation Inc spend its money?
Morphis Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Morphis Family Foundation Inc tax-deductible?
Morphis Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208103092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Morphis Family Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Morphis Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morphis Family Foundation Inc located?
Morphis Family Foundation Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 208103092. It is classified under NTEE code T20.
How many years of IRS 990 filings does Morphis Family Foundation Inc have?
Morphis Family Foundation Inc has 10 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 $374K in total revenue.
Is Morphis Family Foundation Inc. a good charity?
Based on the provided financial data, Morphis Family Foundation Inc. appears to be a very good charity. It exhibits strong financial health, consistent asset growth, extremely low expenses relative to revenue, and a commitment to not paying executive compensation, suggesting a high dedication to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent and significant growth, increasing from $614,018 in 2011 to $1,760,803 in 2023, demonstrating strong financial stewardship and accumulation of resources.
What is the trend in the foundation's expenses relative to its revenue?
The foundation consistently maintains low expenses relative to its revenue. For example, in 2023, expenses were $102,335 against revenues of $355,945, and in 2022, expenses were $89,202 against revenues of $256,969, indicating efficient operations.
Filing History
IRS 990 filing history for Morphis Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morphis Family Foundation Inc's revenue has grown by 43.3%, moving from $248K to $356K. Total assets increased by 186.8% over the same period, from $614K to $1.8M. Total functional expenses rose by 1364.9%, from $7K to $102K. In its most recent filing year (2023), Morphis Family Foundation Inc reported a surplus of $254K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $356K | $102K | $1.8M | $1 | — | — |
| 2022 | $257K | $89K | $1.7M | $1 | — | View 990 |
| 2021 | $529K | $280K | $1.5M | $1 | — | View 990 |
| 2020 | $372K | $313K | $1.3M | $1 | — | View 990 |
| 2019 | $432K | $301K | $1.2M | $1 | — | View 990 |
| 2015 | $234K | $123K | $1.3M | $1 | — | View 990 |
| 2014 | $435K | $110K | $1.2M | $1 | — | View 990 |
| 2013 | $145K | $104K | $877K | $1 | — | View 990 |
| 2012 | $321K | $99K | $836K | $0 | — | View 990 |
| 2011 | $248K | $7K | $614K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $356K, expenses of $102K, and assets of $1.8M (revenue +38.5% year-over-year).
- 2022: Revenue of $257K, expenses of $89K, and assets of $1.7M (revenue -51.4% year-over-year).
- 2021: Revenue of $529K, expenses of $280K, and assets of $1.5M (revenue +42.2% year-over-year).
- 2020: Revenue of $372K, expenses of $313K, and assets of $1.3M (revenue -13.9% year-over-year).
- 2019: Revenue of $432K, expenses of $301K, and assets of $1.2M (revenue +84.7% year-over-year).
- 2015: Revenue of $234K, expenses of $123K, and assets of $1.3M (revenue -46.3% year-over-year).
- 2014: Revenue of $435K, expenses of $110K, and assets of $1.2M (revenue +200.1% year-over-year).
- 2013: Revenue of $145K, expenses of $104K, and assets of $877K (revenue -54.8% year-over-year).
- 2012: Revenue of $321K, expenses of $99K, and assets of $836K (revenue +29.1% year-over-year).
- 2011: Revenue of $248K, expenses of $7K, and assets of $614K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morphis Family Foundation Inc:
Data Sources and Methodology
This transparency report for Morphis Family 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.