Morton Charities Inc
EIN: 461206113 · Sumter, SC · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Net Assets | $0 |
Is Morton Charities Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morton Charities Inc
Morton Charities Inc (EIN: 461206113) is a nonprofit organization based in Sumter, SC, classified under NTEE code T20. The organization reported total revenue of $110K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morton Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morton Charities Inc is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 212.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $0 |
| Surplus / Deficit | +$275K |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, Morton Charities Inc reported a surplus of $275K with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 8 years of filings (2012–2023), Morton Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 212.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | — | +0.0% |
| 2022 | +46.5% | -100.0% | +0.0% |
| 2020 | +124.0% | — | -100.0% |
| 2019 | -23.2% | -100.0% | +76.1% |
| 2015 | +12499900.0% | — | +1988900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morton Charities 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 Morton Charities 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:
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Morton Charities Inc
Is Morton Charities Inc a legitimate charity?
Morton Charities Inc (EIN: 461206113) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. Financial health grade: B.
How does Morton Charities Inc spend its money?
Morton Charities Inc reported $110K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Morton Charities Inc tax-deductible?
Morton Charities Inc is registered as a tax-exempt nonprofit (EIN: 461206113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morton Charities Inc located?
Morton Charities Inc is headquartered in Sumter, South Carolina and files with the IRS under EIN 461206113. It is classified under NTEE code T20.
How many years of IRS 990 filings does Morton Charities Inc have?
Morton Charities Inc has 8 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 $110K in total revenue.
Filing History
IRS 990 filing history for Morton Charities Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Morton Charities Inc's revenue has grown by 27499900%, moving from $1 to $275K. Total assets increased by 0% over the same period, from $1 to $1. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $0 | $1 | $1 | — | View 990 |
| 2022 | $315K | $0 | $1 | $1 | — | View 990 |
| 2020 | $215K | $716 | $1 | $1 | — | — |
| 2019 | $96K | $0 | $35K | $0 | — | View 990 |
| 2015 | $125K | $4K | $20K | $0 | — | View 990 |
| 2014 | $1 | $0 | $1 | $0 | — | — |
| 2013 | $1 | $0 | $1 | $0 | — | — |
| 2012 | $1 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $0, and assets of $1 (revenue -12.7% year-over-year).
- 2022: Revenue of $315K, expenses of $0, and assets of $1 (revenue +46.5% year-over-year).
- 2020: Revenue of $215K, expenses of $716, and assets of $1 (revenue +124.0% year-over-year).
- 2019: Revenue of $96K, expenses of $0, and assets of $35K (revenue -23.2% year-over-year).
- 2015: Revenue of $125K, expenses of $4K, and assets of $20K (revenue +12499900.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: 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 Morton Charities Inc:
Data Sources and Methodology
This transparency report for Morton Charities 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.