Morys Preservation Inc
EIN: 264794593 · New Haven, CT · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $336K |
| Total Expenses | $357K |
| Net Assets | $3.6M |
Is Morys Preservation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morys Preservation Inc
Morys Preservation Inc (EIN: 264794593) is a nonprofit organization based in New Haven, CT, classified under NTEE code A80. The organization reported total revenue of $336K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morys Preservation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morys Preservation Inc is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $914K |
| Total Expenses | $357K |
| Surplus / Deficit | +$557K |
| Total Assets | $3.6M |
| Total Liabilities | $3K |
| Net Assets | $3.6M |
| Operating Margin | 61.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 120.6 months |
Financial Health Grade: A
In 2023, Morys Preservation Inc reported a surplus of $557K with revenue exceeding expenses, holds 120.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Morys Preservation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +522.9% | +58.5% | +15.7% |
| 2022 | +14.8% | -30.7% | -4.9% |
| 2021 | -72.3% | +18.9% | +16.1% |
| 2020 | -21.1% | -8.9% | -3.0% |
| 2019 | -38.9% | +45.9% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morys Preservation 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 Morys Preservation 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 $557K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Morys Preservation Inc
Is Morys Preservation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morys Preservation Inc (EIN: 264794593) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morys Preservation Inc spend its money?
Detailed spending breakdown data is not yet available for Morys Preservation Inc. Check back for updated IRS 990 analysis.
Are donations to Morys Preservation Inc tax-deductible?
Morys Preservation Inc is registered as a tax-exempt nonprofit (EIN: 264794593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morys Preservation Inc located?
Morys Preservation Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 264794593. It is classified under NTEE code A80.
How many years of IRS 990 filings does Morys Preservation Inc have?
Morys Preservation Inc has 12 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 $336K in total revenue.
Filing History
IRS 990 filing history for Morys Preservation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Morys Preservation Inc's revenue has grown by 182.7%, moving from $323K to $914K. Total assets increased by 1034.3% over the same period, from $316K to $3.6M. Total functional expenses rose by 1.6%, from $351K to $357K. In its most recent filing year (2023), Morys Preservation Inc reported a surplus of $557K, with revenue exceeding expenses. The organization holds $3K in liabilities against $3.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $914K | $357K | $3.6M | $3K | — | View 990 |
| 2022 | $147K | $225K | $3.1M | $3K | — | View 990 |
| 2021 | $128K | $325K | $3.3M | $0 | — | View 990 |
| 2020 | $461K | $273K | $2.8M | $0 | — | View 990 |
| 2019 | $584K | $300K | $2.9M | $303K | — | View 990 |
| 2018 | $955K | $206K | $2.9M | $577K | — | View 990 |
| 2017 | $1.1M | $503K | $2.0M | $551K | — | View 990 |
| 2016 | $453K | $755K | $1.5M | $608K | — | View 990 |
| 2015 | $1.7M | $347K | $1.9M | $735K | — | View 990 |
| 2014 | $467K | $262K | $593K | $776K | — | View 990 |
| 2013 | $211K | $197K | $232K | $620K | — | View 990 |
| 2012 | $323K | $351K | $316K | $717K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $914K, expenses of $357K, and assets of $3.6M (revenue +522.9% year-over-year).
- 2022: Revenue of $147K, expenses of $225K, and assets of $3.1M (revenue +14.8% year-over-year).
- 2021: Revenue of $128K, expenses of $325K, and assets of $3.3M (revenue -72.3% year-over-year).
- 2020: Revenue of $461K, expenses of $273K, and assets of $2.8M (revenue -21.1% year-over-year).
- 2019: Revenue of $584K, expenses of $300K, and assets of $2.9M (revenue -38.9% year-over-year).
- 2018: Revenue of $955K, expenses of $206K, and assets of $2.9M (revenue -10.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $503K, and assets of $2.0M (revenue +135.2% year-over-year).
- 2016: Revenue of $453K, expenses of $755K, and assets of $1.5M (revenue -73.0% year-over-year).
- 2015: Revenue of $1.7M, expenses of $347K, and assets of $1.9M (revenue +259.4% year-over-year).
- 2014: Revenue of $467K, expenses of $262K, and assets of $593K (revenue +121.9% year-over-year).
- 2013: Revenue of $211K, expenses of $197K, and assets of $232K (revenue -34.9% year-over-year).
- 2012: Revenue of $323K, expenses of $351K, and assets of $316K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morys Preservation Inc:
Data Sources and Methodology
This transparency report for Morys Preservation 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.