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Ernest R and Minnie Farris Morrison Scholarship Fund

Indianapolis, Indiana · EIN 35-2068363 · Education · tax-exempt since 2000

D

Charity Clarity grade D (score 41.1 of 100), based on the Form 990 for the year ended January 2025.

Graded against 31,970 education nonprofits with revenue under $100K filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.57.9 months4
GovernanceBoard independence, key policies and audit, per the 990.46% of practices46
Margin stabilityHow steady the surplus or deficit is year to year.1
Revenue spreadHow much revenue rests on one type of income.0% from one source100
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.93.5%not scored
Management costsShare of spending.6.5%not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

20212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Jan 2025Form 990$58$9,611−$9,553$46K57.90D
Jan 2024Form 990$7,422$7,436−$14$50K80.40D
Jan 2023Form 990$3,391$8,216−$4,825$61K88.70D
Jan 2022Form 990$7,526$12K−$4,366$71K71.20C
Jan 2021Form 990−$230$9,204−$9,434$74K96.30D

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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