David A and Mildred H Morse Charitable Tr
Only null% goes to programs Thin reserves
David A and Mildred H Morse Charitable Tr is a 501(c)(3) organization based in Mt Pleasant, South Carolina, registered in 1998, with $13 in FY2024 revenue. CharityIndex grades it F.
2445 Kings Gate Ln, Mt Pleasant, SC, 29466 EIN 13-7063711 Since 1998
Revenue (FY2024)
$13
▼ 99.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3,885
Net assets
-$147K
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 David A and Mildred H Morse Charitable Tr— 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 rating0 mo reserves · -29785% 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 David A and Mildred H Morse Charitable Tr: 0 mo reserves · -29785% 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 David A and Mildred H Morse Charitable Tr— 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 David A and Mildred H Morse Charitable Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2445 Kings Gate Ln, Mt Pleasant, SC, 29466
- City
- Mt Pleasant
- State
- South Carolina
- Subcategory
- Federated Giving Programs
Financial trends
Revenue declined from $253K (FY2013) to $13 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $316KNet assets -$147K
Operating margin
-29784.6%
Spent more than it raised in the latest fiscal year.
Total assets
$169K
Total liabilities
$316K
Net assets
-$147K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $13▼99.2% | $3,885 | -$147,297▼2.7% | $168,753▼2.2% | 990PF |
| 2023 | $1,658▲623% | $0▼100% | -$143,425▲1.1% | $172,624▲1.0% | 990PF |
| 2022 | -$317▼2213% | $8,065▲67.0% | -$145,083▲15.5% | $170,966▲18.5% | 990PF |
| 2021 | $15 | $4,830▼61.7% | -$171,718▼2.9% | $144,331▼3.4% | 990PF |
| 2020 | $0▼100% | $12,600▼67.9% | -$166,903▼8.2% | $149,346▼7.8% | 990PF |
| 2019 | $799▼99.9% | $39,240▼98.9% | -$154,303▼33.2% | $161,946▼19.2% | 990PF |
| 2018 | $1,303,249▲290% | $3,566,989▲689% | -$115,862▼105% | $200,387▼90.7% | 990PF |
| 2017 | $334,163▲73.1% | $451,862▲25.5% | $2,149,885▼0.3% | $2,149,885▼0.3% | 990PF |
| 2016 | $193,051▼36.7% | $360,176▼17.5% | $2,155,993▼12.7% | $2,155,993▼12.7% | 990PF |
| 2015 | $304,982▼11.6% | $436,418▲31.6% | $2,469,864▲1.3% | $2,469,864▲1.3% | 990PF |
| 2014 | $344,918▲36.5% | $331,502▲4.5% | $2,438,526▼2.6% | $2,438,526▼2.6% | 990PF |
| 2013 | $252,713 | $317,189▲10.1% | $2,503,019▼6.2% | $2,503,019▼6.2% | 990PF |
| 2012 | — | $288,139▲8.2% | $2,668,964 | $2,668,964 | 990PF |
| 2011 | — | $266,369▲15.8% | $2,670,216▲5.6% | $2,670,216▲5.6% | 990PF |
| 2010 | — | $230,051 | $2,529,655 | $2,529,655 | 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.
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Frequently asked questions
- Is David A and Mildred H Morse Charitable Tr a legitimate nonprofit?
- Yes. David A and Mildred H Morse Charitable Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-7063711, based in Mt Pleasant, South Carolina. Donations are tax-deductible.
- What is David A and Mildred H Morse Charitable Tr's EIN?
- David A and Mildred H Morse Charitable Tr's Employer Identification Number (EIN) is 13-7063711.
- How much revenue does David A and Mildred H Morse Charitable Tr report?
- David A and Mildred H Morse Charitable Tr reported $13 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does David A and Mildred H Morse Charitable Tr have?
- CharityIndex grades David A and Mildred H Morse Charitable Tr F, based on financial health (reserves and operating margin).
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Data for David A and Mildred H Morse Charitable Tr (EIN 13-7063711) 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.