Molding Hearts Org

Analysis

Molding Hearts Org is a registered charity in United States, based in Yucca Valley, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Molding Hearts Org reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $2.3m (+504%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 589%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Molding Hearts Org sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Southeastern Arizona Community Action Program Inc ($2.3m), St Marthas Hall ($2.3m) and Child Care Council of Dutchess and Putnam Inc ($2.3m).

Compensation of current officers, directors and key employees was $90k (4.1% of expenses). Other salaries and wages came to $879k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 10 employees.