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Education · 2023 Form 990

Morehouse College: $141.6M Revenue, $141.1M Expenses

Atlanta, Georgia · EIN 580566205 · Filing year 2023

Morehouse College reported $141.6M in total revenue, $141.1M in total expenses, and $487.8M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $11.9M (8.37% of revenue). NonprofitTruth efficiency grade: D (47/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
D
Efficiency Score
47/100

Key Facts (2023 Form 990)

Total Revenue
$141.6M
Total Expenses
$141.1M
Total Assets
$487.8M
Reserve Months
41.5 months
Surplus / (Deficit)
$520K
EIN
580566205
Latest 990 Year
2023
Current-Officer Compensation
$11.9M
Officer Comp % of Revenue
8.37%

Morehouse College pulls a D on the efficiency rubric. The composite of 47/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Annual revenue at Morehouse College runs $141.6M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Reserves are the limiting factor: Morehouse College carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Five-year revenue has grown modestly. Morehouse College is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Officer compensation runs notably high relative to organizational size: $11.9M against $141.6M in revenue. This is one of the factors driving the efficiency grade down on the rubric. In the Education category, Morehouse College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$141.6M
Revenue
$141.1M
Expenses
$487.8M
Total Assets
$11.9M
Officer Compensation

How Morehouse College Compares

Morehouse College earns a NonprofitTruth efficiency grade of D (47/100). That is 17 points below the Education category average. Compensation for current officers and key employees represents 8.37% of total revenue. The organization holds 41.5 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$141.1M
Total Expenses
Filing year 2023
$11.9M
Officer Compensation
8.37% of revenue
41.5 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Morehouse College reported $141.6M in revenue against $141.1M in total functional expenses for filing year 2023, holding roughly 41.5 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $11.9M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 8.37% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Morehouse College has a NonprofitTruth Efficiency Score of D (47/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Morehouse College, Donor FAQ

Morehouse College has a NonprofitTruth Efficiency Score of D (47/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Morehouse College reports $11.9M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 8.37% of the organization's $141.6M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Morehouse College reported $141.6M in annual revenue and $141.1M in total expenses for filing year 2023. The organization holds $487.8M in total assets.

Morehouse College holds approximately 41.5 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.

Morehouse College is a registered 501(c) organization with EIN 580566205, based in Atlanta, Georgia. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.