Felix & Angela Morales Memorial Foundation
Only null% goes to programs Strong reserves Growing revenue
Felix & Angela Morales Memorial Foundation is a 501(c)(3) organization based in Houston, Texas, registered in 2013, with $496,747 in FY2023 revenue. CharityIndex grades it B.
2901 Canal St, Houston, TX, 77003 EIN 76-0428633 Since 2013
Revenue (FY2023)
$497K
▲ 94.8% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$406K
Net assets
$3.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Felix & Angela Morales Memorial 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 rating89 mo reserves · +18% 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 Felix & Angela Morales Memorial Foundation: 89 mo reserves · +18% 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 Felix & Angela Morales Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Felix & Angela Morales Memorial Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2901 Canal St, Houston, TX, 77003
- City
- Houston
- State
- Texas
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $338K (FY2013) to $497K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $3.0M
Operating margin
18.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$0
Net assets
$3.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $496,747▲94.8% | $406,122▲22.9% | $3,027,047▲48.7% | $3,027,047▲48.7% | 990PF |
| 2022 | $255,052▼22.5% | $330,579▲43.1% | $2,036,222▼3.6% | $2,036,222▼3.6% | 990PF |
| 2021 | $328,925▲35.8% | $230,976▲24.5% | $2,111,749▲4.6% | $2,111,749▲4.6% | 990PF |
| 2020 | $242,194▲23.6% | $185,568▼4.5% | $2,018,343▲2.9% | $2,018,343▲2.9% | 990PF |
| 2019 | $195,899▼39.8% | $194,317▼13.2% | $1,961,717▲27.1% | $1,961,717▲27.1% | 990PF |
| 2018 | $325,605▲68.6% | $223,927▲33.8% | $1,543,636▲7.1% | $1,543,636▲7.1% | 990PF |
| 2017 | $193,122▲54.7% | $167,330▲63.1% | $1,441,958▲2.7% | $1,441,958▲2.7% | 990PF |
| 2016 | $124,815▲10.6% | $102,599▼35.5% | $1,403,666▲983% | $1,403,666▲983% | 990PF |
| 2015 | $112,817▼33.1% | $158,988▲8.1% | $129,611▼50.2% | $129,611▼50.2% | 990PF |
| 2014 | $168,610▼50.2% | $147,096▲35.9% | $260,504▼83.0% | $260,504▼83.0% | 990PF |
| 2013 | $338,276 | $108,271▲106% | $1,534,295▲143% | $1,534,295▲143% | 990PF |
| 2012 | — | $52,500 | $631,320 | $631,320 | 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 Felix & Angela Morales Memorial Foundation a legitimate nonprofit?
- Yes. Felix & Angela Morales Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0428633, based in Houston, Texas. Donations are tax-deductible.
- What is Felix & Angela Morales Memorial Foundation's EIN?
- Felix & Angela Morales Memorial Foundation's Employer Identification Number (EIN) is 76-0428633.
- How much revenue does Felix & Angela Morales Memorial Foundation report?
- Felix & Angela Morales Memorial Foundation reported $496,747 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Felix & Angela Morales Memorial Foundation have?
- CharityIndex grades Felix & Angela Morales Memorial Foundation B, based on financial health (reserves and operating margin).
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Data for Felix & Angela Morales Memorial Foundation (EIN 76-0428633) 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.