Molly Bears

Analysis

Molly Bears is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 2011, 15 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, Molly Bears reported income of $220k and spending of $200k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $220k (+1.0%), an average of +0.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Molly Bears sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Community Service of Newburyport Inc ($219k), Work Vessels for Vets Inc ($220k) and Society of St Vincent de Paul Our Lady of the Valley Council ($219k).

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 $62k (31% of expenses). Other salaries and wages came to $36k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 7 employees.