Financial Information for Morristown Partners INC

Morristown Partners INC's annual revenue was $2.0M in tax year 2024. They spent $1.4M in total expenses. 92% went to programs and services.

Year by year

Morristown Partners INC's net assets grew 931% in a year, from −$68K in tax year 2023 to $566K in 2024.

Tax yearRevenueExpensesNet assetsNet assets change
2024$2.0M$1.4M$566K—
2023$1.3M$1.2M−$68K—
2022$1.1M$1.2M−$155K—

Where the money went

How much of Morristown Partners INC's budget goes to programs?

Morristown Partners INC spent $1.3M (92% of expenses) on programs and services in tax year 2024.

How much does Morristown Partners INC spend on overhead?

Morristown Partners INC's overhead in tax year 2024 includes administrative (8%) and fundraising (0%) of their expenses.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.