Albert & Leona A Morgan Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Albert & Leona A Morgan Charitable Foundation is a 501(c)(3) organization based in Phillipsburg, Kansas, registered in 1994, with -$1,283,272 in FY2024 revenue. CharityIndex grades it F.
711 3rd St, Phillipsburg, KS, 67661 EIN 48-1126706 Since 1994
Revenue (FY2024)
-$1.3M
▼ 333.6% vs prior year
Expenses (FY2024)
$721K
Net assets
$8.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Albert & Leona A Morgan Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating134 mo reserves · -156% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albert & Leona A Morgan Charitable Foundation: 134 mo reserves · -156% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Albert & Leona A Morgan Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albert & Leona A Morgan Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 711 3rd St, Phillipsburg, KS, 67661
- City
- Phillipsburg
- State
- Kansas
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $1.5M (FY2013) to -$1.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $8.0M
Operating margin
-156.1%
Spent more than it raised in the latest fiscal year.
Total assets
$8.0M
Total liabilities
$0
Net assets
$8.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$1,283,272▼334% | $720,554▲9.9% | $8,021,186▼20.0% | $8,021,186▼20.0% | 990PF |
| 2023 | $549,336▼23.6% | $655,470▼0.9% | $10,025,012▼1.0% | $10,025,012▼1.0% | 990PF |
| 2022 | $719,320▼71.9% | $661,461▼3.4% | $10,131,146▲0.6% | $10,131,146▲0.6% | 990PF |
| 2021 | $2,557,509▲1039% | $684,813▲128% | $10,073,287▲23.1% | $10,073,287▲23.1% | 990PF |
| 2020 | -$272,286▼197% | $300,868▼2.0% | $8,183,530▼6.5% | $8,183,530▼6.5% | 990PF |
| 2019 | $279,804▲139% | $306,995▼58.2% | $8,756,684▼0.3% | $8,756,684▼0.3% | 990PF |
| 2018 | -$711,997▼184% | $734,375▲21.3% | $8,783,875▼14.1% | $8,783,875▼14.1% | 990PF |
| 2017 | $850,549▼12.0% | $605,654▼26.7% | $10,230,247▲2.5% | $10,230,247▲2.5% | 990PF |
| 2016 | $966,081▲87.5% | $826,807▲6.6% | $9,985,352▲1.4% | $9,985,352▲1.4% | 990PF |
| 2015 | $515,172▼79.4% | $775,559▼29.3% | $9,846,078▼2.6% | $9,846,078▼2.6% | 990PF |
| 2014 | $2,498,680▲70.0% | $1,097,468▲49.7% | $10,106,465▲16.1% | $10,106,465▲16.1% | 990PF |
| 2013 | $1,469,693 | $733,291▲17.6% | $8,705,253▲9.2% | $8,705,253▲9.2% | 990PF |
| 2012 | — | $623,479 | $7,968,851 | $7,968,851 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Albert & Leona A Morgan Charitable Foundation a legitimate nonprofit?
- Yes. Albert & Leona A Morgan Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-1126706, based in Phillipsburg, Kansas. Donations are tax-deductible.
- What is Albert & Leona A Morgan Charitable Foundation's EIN?
- Albert & Leona A Morgan Charitable Foundation's Employer Identification Number (EIN) is 48-1126706.
- How much revenue does Albert & Leona A Morgan Charitable Foundation report?
- Albert & Leona A Morgan Charitable Foundation reported -$1,283,272 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Albert & Leona A Morgan Charitable Foundation have?
- CharityIndex grades Albert & Leona A Morgan Charitable Foundation F, based on financial health (reserves and operating margin).
More nonprofits in Phillipsburg
Explore more
Data for Albert & Leona A Morgan Charitable Foundation (EIN 48-1126706) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.