Molina Family Foundation

Analysis

Molina Family Foundation is a registered charity in United States, based in Los Alamitos, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Molina Family Foundation reported income of $13.1m and spending of $7.9m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $13.1m (+180%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 704%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Molina Family Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include American Friends of the Israel Museum ($13.1m), Arizona Aerospace Foundation Inc ($13.1m) and Milwaukee Public Museum Inc ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (1.6% of expenses). Other salaries and wages came to $190k. At year end it held assets of $17.5m against liabilities of $41k, net assets of $17.5m. It reported 4 employees.