David & Phyllis Murphy Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
David & Phyllis Murphy Charitable Foundation is a 501(c)(3) organization based in Mason City, Iowa, registered in 1998, with $904,345 in FY2024 revenue. CharityIndex grades it C+.
103 E State St Ste 800, Mason City, IA, 50401 EIN 42-1477942 Since 1998
Revenue (FY2024)
$904K
▲ 115.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$606K
Net assets
$10.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 & Phyllis Murphy 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 →
B+Financial health25% of the rating201 mo reserves · +33% 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 & Phyllis Murphy Charitable Foundation: 201 mo reserves · +33% margin earns a B+ 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 & Phyllis Murphy 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 David & Phyllis Murphy Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 103 E State St Ste 800, Mason City, IA, 50401
- City
- Mason City
- State
- Iowa
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $48K (FY2014) to $904K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $10.1M
Operating margin
33.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.1M
Total liabilities
$0
Net assets
$10.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $904,345▲116% | $605,606▲6.8% | $10,145,601▲3.0% | $10,145,601▲3.0% | 990PF |
| 2023 | $418,844▲379% | $567,309▼10.9% | $9,846,862▼1.5% | $9,846,862▼1.5% | 990PF |
| 2022 | $87,445▼99.2% | $636,915▲262% | $9,995,327▼5.2% | $9,995,327▼5.2% | 990PF |
| 2021 | $11,501,385▲6446% | $176,050▲67.3% | $10,544,797▲402% | $10,544,797▲402% | 990PF |
| 2020 | $175,708▼81.6% | $105,213▲54.1% | $2,100,951▲3.5% | $2,100,951▲3.5% | 990PF |
| 2019 | $954,644▲1601% | $68,280▲14.5% | $2,030,456▲77.5% | $2,030,456▲77.5% | 990PF |
| 2018 | $56,134▼32.9% | $59,633▼38.7% | $1,144,092▼0.3% | $1,144,092▼0.3% | 990PF |
| 2017 | $83,699▼92.3% | $97,284▲196% | $1,147,591▼1.2% | $1,147,591▼1.2% | 990PF |
| 2016 | $1,084,987▲6554% | $32,839▼3.1% | $1,161,176▲176% | $1,161,176▲176% | 990PF |
| 2015 | $16,306▼65.7% | $33,893▲7.5% | $420,800▼4.0% | $420,800▼4.0% | 990PF |
| 2014 | $47,552 | $31,525 | $438,387 | $438,387 | 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 & Phyllis Murphy Charitable Foundation a legitimate nonprofit?
- Yes. David & Phyllis Murphy Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1477942, based in Mason City, Iowa. Donations are tax-deductible.
- What is David & Phyllis Murphy Charitable Foundation's EIN?
- David & Phyllis Murphy Charitable Foundation's Employer Identification Number (EIN) is 42-1477942.
- How much revenue does David & Phyllis Murphy Charitable Foundation report?
- David & Phyllis Murphy Charitable Foundation reported $904,345 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does David & Phyllis Murphy Charitable Foundation have?
- CharityIndex grades David & Phyllis Murphy Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for David & Phyllis Murphy Charitable Foundation (EIN 42-1477942) 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.